BP says it will 'exit’ its $14 billion stake in Russian oil giant Rosneft over Kremlin invasion of Ukraine

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British oil giant BP said it is “exiting” its 20 percent stake in Russian oil giant Rosneft over Moscow’s invasion of Ukraine, in one of the biggest signs yet of the Western business world cutting ties over the Kremlin’s actions.

BP’s two representatives on Rosneft’s board, Bob Dudley and Bernard Looney, are also resigning, the company said.

“Russia’s attack on Ukraine is an act of aggression which is having tragic consequences across the region. BP has operated in Russia for over 30 years, working with brilliant Russian colleagues. However, this military action represents a fundamental change. It has led the bp board to conclude, after a thorough process, that our involvement with Rosneft, a state-owned enterprise, simply cannot continue,” BP chair Helge Lund said in a statement Sunday.

 

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did bush give bp permission

Bravo bp_America

Yet BP is happy to fund Azerbaijan's brutal dictatorship which is committing every warcrime possible against Armenians. The hypocrisy of these companies is disgusting at this point.

Let's just deal with reality: If Putin didn't exist there would be: No dead Ukranians nor dead Russians. That would end immediately. It would stop his murders of his own people. Stop his domestic and international terrorism. Stop his war crimes. Stop his crimes against humanity.

Praying for Ukraine 🇺🇦

A multi-national company choosing to do what's right, over what's profitable? Who-da thunk? Well done BP. That's the kind of move that will make me support your products.

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