BP exiting its 19.75% shareholding in Russian oil giant Rosneft

BP chief executive Bernard Looney resigns from Rosneft's board after call with business secretary on Friday

BP is exiting its 19.75% shareholding in Russian oil giant Rosneft following pressure from the UK government.

The oil firm’s chief executive Bernard Looney is also resigning from the Rosneft board with “immediate effect”, it said in a statement.

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from World news | The Guardian https://ift.tt/s4p3hWP