off-the-wire

UPDATE 1-U.S. taps big trading houses to help move price-capped Russian oil - FT

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds no comments from traders, Treasury) March 9 (Reuters) - The United States has privately urged some commodity traders to shed concerns over shipping price-capped Russian oil in a bid to keep supplies stable, the Financial Times reported on Thursday.


Treasury officials met executives and traders at Trafigura and Gunvor among others and offered reassurances over expanding their role in Russian crude and fuels trade without breaching western restrictions, the FT said, citing people familiar with the matter.


The Geneva-based traders, Gunvor and Trafigura, declined to comment to Reuters on the matter. The U.S. Treasury did not have an immediate comment when contacted by Reuters.
(Reporting by Jahnavi Nidumolu in Bengaluru, additional reporting by Julia Payne in London and Andrea Shalal in Washington; Editing by Kirsten Donovan)

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