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- Location: 6084, Le Breuil, Normandy, Switzerland
LAUSANNE, Switzerland, March 21 (Reuters) - Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters.
"Today, we will sign the respective documents," he told reporters, adding Germany would also open its national framework contracts with the defense industry to other partners as speed was of the essence in supplying Kyiv.
The DOJ and the financial market regulator the CFTC have continued investigating the firm and Gunvor expects to pay a fine.
"We are looking at whether to take a provision on our books for 2022," Tornqvist said.
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