Vitol acquires Sinanju Tankers from Trafi; World Bank approves $700m for Pakistan renewable energy push; and UK fines Standard Chartered for breaching restrictions on loans to Russian lenders

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Energy and commodity trader Vitol has acquired 100% of Singapore-based bunkering specialist Sinanju Tankers Holdings

• The World Bank has approved $700 million additional financing to help Pakistan generate low-cost, renewable energy to provide affordable electricity supply to millions of users

• Standard Chartered has been fined £20.47 million by the UK government’s Office of Financial Sanctions Implementation (OFSI) for breaching restrictions on loans to certain Russian financial institutions.

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