UK oil refinery owner shifted Russian loans to avoid sanctions
Fast facts
- Category: Business
- Language: EN
- Published: 2026-04-24 02:00 UTC
- Sources: The Guardian Business
The Guardian Business reports that Essar Energy, the owner of Stanlow refinery, moved Russian loans from 'Putin's piggy bank' VTB to Mauritius. The BBC says that this move allowed them to avoid UK sanctions.
Why it matters
- This update can influence the Business agenda over the next 24-48 hours.
- It is based on 1 source, which helps cross-check key claims quickly.
- Watch follow-up statements and market/public response to assess real impact.