EconomyFinancialBP to take up to $25bn fee for exit...
Financial

BP to take up to $25bn fee for exit from Russian Rosneft

14

LONDON – BP reported on Sunday that it will divest its 19.75% stake in Russian oil giant Rosneft following the Russian invasion of Ukraine, amid mounting pressure from the British government.

The decision to abandon the Rosneft ROSN.MM stake will lead to charges of up to $25 billion at the end of the first quarter, BP said in a statement.

BP acquired its stake in Rosneft in 2013 as part of the $12.5 billion sale of a stake in TNK-BP.

BP BP.L Chief Executive Bernard Looney and his predecessor Bob Dudley will step down from Rosneft's board.

"Like many, I have been deeply shocked and saddened by the situation unfolding in Ukraine and my heart goes out to all those affected. It has led us to fundamentally rethink BP's position with Rosneft," Looney said.

The mobilization that provoked the discontent of the Russian population ends

The defense minister says that 300,00 people have been recruited to go to fight in Ukraine, although most are still undergoing training.

Dirty bomb: Russia tests its nuclear response

The exercises, overseen by President Vladimir Putin, include test launches of nuclear-capable cruise and ballistic missiles.

"Dirty bomb": Ukraine accuses Russia of planning to detonate a bomb and accuse them...

Russia accuses Ukraine of seeking to detonate a "dirty bomb" on its own territory to accuse Moscow, something that both kyiv and the West reject.

Thousands of Russians are fleeing to Finland, which is why this country is already...

The structure would protect areas identified as a potential risk of large-scale migration from Russia.

Curfews, limit movements: Putin imposes martial law in these Ukrainian territories

This measure makes it possible to reinforce the army, apply curfews, limit movements, impose military censorship on telecommunications, prohibit public gatherings, among others.

More