The British oil giant held 20% of interest in the company.
British energy giant BP announced Sunday it was offloading its 19.75% stake in Rosneft, a Russian-controlled oil company.
BP has worked in Russia for more than 30 years, but the Russian invasion of Ukraine has forced the company to reevaluate its holding.
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BP Faces Pressure From U.K. Government Over Stake in Russia’s RosneftThe British government is pressuring oil company BP PLC to offload its minority stake in Russian oil producer PAO Rosneft, citing the Russian giant’s links to the Kremlin and accusing it of fueling the Russian army’s advance into Ukraine, according to a person familiar with the matter.
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