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By John Helmer, Moscow If Russia’s leading oil trader Gunvor can lose its allocations of crude oil from Rosneft and Surgutneftegas in a flash, and Novatek almost a third of its domestic gas sales in another instant, then Gennady Timchenko, a control shareholder of both companies, has some explaining to do in public. That is, […]

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By John Helmer, Moscow Severstal reconfirmed this week that the control shareholder and executive chairman, Alexei Mordashov, has ruled out buying brownfield projects or loss-making steelmills. The company is not saying, however, whether it will agree to buy from ArcelorMittal parts of the Florange steelmill in northeastern France. Two blast furnaces at the struggling site […]