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bp to exit 19.75% shareholding of Rosneft amid Russia-Ukraine crisis

Both of bp’s nominated directors will resign from Rosneft’s board with immediate effect

UK energy giant bp announced Sunday that it would be exiting from its 19.75 percent shareholding in Rosneft following Russia’s military action in Ukraine. bp CEO Bernard Looney and bp group chief executive Bob Dudley will both also be resigning from the board of Rosneft with immediate effect. Russia’s action in Ukraine has “led the […]