Further sanctions against Russia will adversely affect activity BP

The extension of sanctions against Russia could adversely affect the operations and the financial position BP, which is the shareholder of Rosneft, as well as the reputation of the British organization, reported BP.

" Any future deterioration of our relations with Rosneft or the consequences of further economic sanctions have the opportunity to adversely affect our business and strategic objectives in the Russian Federation, the level of our cash receipt, production and stocks, our investments in Rosneft and our reputation ", - informs the Company.

The Firm said that already imposed punishment now not have a material effect on the company. BP continues to monitor the situation.

BP became the owner of the shares of " Rosneft " on 21 March 2013, when " Rosneft " has closed the transaction on acquisition of 100% stake in TNK-BP on Thursday, the organization and the Russian cartel AAR paying them money a total of 44, 4 billion dollars and became the world's largest public oil and gas company.


The US and the EU does not recognize the annexation of Crimea to Russia and accused Moscow of interfering in Ukraine. Russia denies it and called such accusations are unacceptable. Western countries since March, has repeatedly imposed punishment on a number of Russian politicians, businessmen and organizations and threatened to make wider restrictive measures. The last case of use of such practices have become July punishment.

The European Union on July 26 imposed a punishment against fifteen citizens of Russia and authorized self-proclaimed Donetsk and Lugansk national republics (DND and LNR), and also against a number of Crimean organizations, such as the Sevastopol sea port and public organization " Sobol ". For example, in the sanctions list includes the Director of the Federal security Service Alexander Bortnikov and foreign intelligence Service of Russia Mikhail Fradkov, Secretary of the Russian security Council Nikolai Patrushev, his Deputy Rashid Nurgaliev and member of the Board Boris Gryzlov, leader of Chechnya Ramzan Kadyrov and the Krasnodar territory Alexander Tkachev.

in the U.S. capital and Brussels When it is ready If necessary to make wider sanctions lists. Full list of Russian Citizens and organizations that fall under punishment, -


sections: Politics