BP to offload $14bn stake in Russian state oil firm Rosneft after UK pressure

‘Fundamental change’ in relations with Moscow follows call from minister raising concerns

BP is exiting its stake in Russian state-owned oil company Rosneft, days after coming under pressure from the UK government over its involvement with Russia.

The London-headquartered oil firm announced on Sunday that it was offloading its 19.75% voting stake in Rosneft, noting that Russia’s invasion of Ukraine represented a “fundamental change” in relations with Moscow.

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Source: The Guardian