(ANSA) – ROME, FEB 27 – BP is preparing to exit the shareholding of the Russian Rosneft, in which it has a 19.75% stake since 2013, with a book value of 14 billion dollars. Bernard Looney, BP’s chief executive, will resign with immediate effect from the board of directors of Rosneft. And he specifies that “Russia’s attack on Ukraine is an act of aggression that is having tragic consequences in the area”. “The decision we made as a board of directors is not only the right thing to do, but it is also in BP’s long-term interest,” says Looney.
It is not the only news with a strong impact of exit from investments in Russia following the invasion of Ukraine.
The largest sovereign wealth fund in the world, Norway’s Norges, has also announced that it will divest its Russian assets. (HANDLE).
Source: Ansa
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