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Shell to keep trading with Gunvor - email

Fri, 21st Mar 2014 15:11

LONDON, March 21 (Reuters) - Royal Dutch Shell traders are allowed to keep dealing with commodities tradinghouse Gunvor after the United States imposed sanctions on itsco-founder, Shell said in an internal email seen on Friday byReuters.

The email said Shell had been able to review the status ofGunvor following the imposition on Thursday of U.S. sanctionsagainst Gunvor co-founder Gennady Timchenko.

"Following verification of the divestment of Mr Timchenko'sshareholding in Gunvor, transactions with Gunvor are notaffected by the sanctions imposed by the U.S. on Mr. Timchenko,"it said.

"Transactions with Gunvor can therefore proceedunrestricted." (Reporting by Ron Bousso and Peg Mackey; Writing by AlexLawler; Editing by Anthony Barker)

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