Why did Litasco's top U.S. traders leave the company?

Litasco's top U.S. employees departed for rival firms after U.S. sanctions against its Russian parent Lukoil cut off the Americas trading arm from the global financial system, forcing Litasco to shut global offices and let go of most staff; the sanctions followed Lukoil's ties to Russia's 2022 invasion of Ukraine and made lenders reluctant to do business with the firm well before the October sanctions were announced.

Where did key Litasco executives like Dmitri Sinenko and Sushant Koduru go after leaving?

Dmitri Sinenko joined Castleton Commodities International as a refined products trader, while his close aide Sushant Koduru joined Vitol as a refined products trader; other departures included Melissa Mauro to Castleton as vice president of oil scheduling, Marko Hirvensalo and Luke Richner also set to join Castleton, and Anisha Sachanandani in talks to move to Circle K as director of supply optimization.

Litasco's Top US Traders Splinter to Rival Firms After Russia Sanctions

Apr 29, 2026

Key Litasco traders are leaving for rivals like Vitol and Castleton following U.S. sanctions on parent company Lukoil, signaling continued disruption for the Russian-linked oil trading arm.

reuters

2026-04-29

Litasco's Top US Traders Splinter to Rival Firms After Russia Sanctions

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