All news on the topic: Demex Trading Ltd
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Sanctioned firms, unsanctioned operator: Michael Zeligman continues shipping Russian oil via Paradigm International
Michael Zeligman built his oil delivery business around the Gulf, and while war might appear to threaten his company, Paradigm International, it may in fact play to his advantage.
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Latvian trader Mikhail Zeligman continues exporting Russian oil to China through Dubai firm Paradigm after his company Demex was sanctioned by the US
Mikhail Zeligman, a Latvian citizen currently living in Russia, runs a small but influential network of oil trading companies registered in Dubai.
04.07.2026, 12:00 • News
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