BP quits Russia, takes $34b hit, after Ukraine invasion - The Australian Financial Review

BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to 30 years of operating in the energy-rich country, and a move that may slow its shift to renewables.

British Business Secretary Kwasi Kwarteng, who on Friday had expressed concern over BPs Rosneft position, welcomed the decision. Russias unprovoked invasion of Ukraine must be a wake-up call for Bri… [+2607 chars]

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