Trafigura Got $7 Billion Russian Loan for Arctic Oil Deal

November 15, 2021 at 9:17 PM UTC

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This is a correction to article that was originally published on January 5, 2021, 1:45 PM GMT and Updated on January 5, 2021, 3:18 PM GMT

In compliance with the order of the Arbitration Court of the city of Moscow (the "Court") from August 13, 2021, Bloomberg is obliged to publish a correction to retract the following information published on January 5, 2021, and available at https://www.bloomberg.com/news/articles/2021-01-05/trafigura-s-arctic-oil-bet-is-backed-by-7-billion-russian-loan in the article titled “Trafigura Got $7 billion Russian Loan for Article Oil Deal":

- "In addition to the loan for a fully owned Trafigura entity CB Enterprises Pte Ltd., through which it bought the stake, the trading house invested a small amount of its own funds, according to a person familiar with the transaction, who asked not to be named discussing sensitive information."