BP has no plans to sell its Rosneft stake
(MENAFN) BP, the oil giant, was committed to investments in Russia and had no plans to sell its stake in Rosneft despite Western sanctions against the country, The Peninsula Qatar reported.
Sanctions forced by the United States and Europe over Russian support for separatists in Ukraine have hit the economy and the rouble currency has lost a quarter of its value since the middle of this year.
Some international firms have faced pressure from the West over President"s Ukraine policies to re-evaluate their dealings with Russia, although the BP head indicated his firms wouldn"t be one of them.
"We remain long-term partners. We will not do anything to violate sanctions but sanctions don"t include doing business in Russia," Dudley told a news conference on the sidelines of an energy event.
Sanctions forced by the United States and Europe over Russian support for separatists in Ukraine have hit the economy and the rouble currency has lost a quarter of its value since the middle of this year.
Some international firms have faced pressure from the West over President"s Ukraine policies to re-evaluate their dealings with Russia, although the BP head indicated his firms wouldn"t be one of them.
"We remain long-term partners. We will not do anything to violate sanctions but sanctions don"t include doing business in Russia," Dudley told a news conference on the sidelines of an energy event.
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