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Oil trader Litasco hires traders, lines up credit to rebuild Americas arm, sources say

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Swiss-based energy trader Litasco is hiring experienced traders and has lined up credit lines to revive its business in the Americas that withered after Russia invaded Ukraine in 2022, three sources close to the company said. Neither Litasco nor its Russian parent, oil producer Lukoil PJSC, were included in the U.S. sanctions imposed on many ...

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