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BP to Exit 20% Stake in Russia’s Rosneft

by Euro Times
February 27, 2022
in Finance
Reading Time: 1 min read
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Russia’s aggressions in Ukraine prompted reactions from corporations resembling BP and United Parcel Service in addition to Norway’s sovereign wealth fund because the world continues to lift strain on President Vladimir Putin.

British oil large BP stated Sunday it might exit its practically 20% stake in Russian oil firm Rosneft and that its CEO Bernard Looney would resign instantly from Rosneft’s board.

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