BP Faces Pressure From U.K. Government Over Stake in Russia’s Rosneft

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The British government is pressuring oil giant BP to offload its minority stake in Russian oil company PAO Rosneft, citing the Russian oil giant’s links to the Kremlin and accusing Rosneft of fueling the Russian army’s advance into Ukraine

LONDON—The British government is pressuring British oil giant BP PLC to offload its minority stake in Russian oil company PAO Rosneft, citing the Russian oil giant’s links to

the Kremlin and accusing Rosneft of fueling theIt is unclear if the U.K. government, which doesn’t own a stake in BP, could force the sale of BP’s nearly 20% interest in Rosneft.

 

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