Saturday, December 3, 2022

BRITISH PETROLEUM STILL DOING BUSINESS IN RUSSIA

   British Petroleum is one of the world’s largest oil and gas companies, so when it announced in February that it would sell its 19.75% stake in Russian energy company Rosneft in the wake of Vladimir Putin’s invasion of Ukraine, it held weight.
   But nine months later, BP has yet to offload its stake, and one of Ukraine President Volodymyr Zelensky’s closest advisers is demanding the company cut ties immediately.
   Oleg Ustenko, Zelensky’s chief economic adviser, penned a letter—viewed by BBC and The Guardian—to BP CEO Bernard Looney urging the company to make good on its pledge from the war’s early days, while accusing BP of being complicit with Russia’s international law-breaking and transgressions in Ukraine by holding on to its stake in Rosneft.

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