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BP shares slide after Ukraine invasion prompts exit from Russia

February 28, 2022

Via: Sky News
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The UK-listed energy giant said on Sunday that the move would result in accounting charges of up to $25bn.

BP’s decision to offload the stake – an interest it has held for nearly a decade – is the most visible sign so far of mounting pressure on British corporate interests in Russia.

The major omission from its statement announcing the move was how, exactly, it would dispose of a stake worth many billions of pounds in a company controlled by what has become a pariah state.

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