BP 'stands to receive blood money’ from Ukraine war

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BP 'stands to receive blood money’ from Ukraine war
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A presidential adviser says the oil giant is could still receive profits from its stake in Russia's Rosneft.

Prior to Russia's invasion of Ukraine, BP had a 19.75% shareholding in Rosneft.

However, BP remains a shareholder in Rosneft. Insiders argue that the divestment process is ongoing, but has been far from simple due to the political situation.Last month, Rosneft announced plans to pay a dividend of 216bn roubles to investors, covering the first nine months of the year. In his letter to the BP chief executive, seen by the BBC, Mr Ustenko cited this figure and pointed out that because BP is still a Rosneft shareholder, it is owed the money.

Mr Ustenko said BP's strategy appeared to be to "wait out the storm, returning to business as usual when the war is over".

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