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The Latest Breaking News from Rosneft

BP boss Bernard Looney sees pay nearly double to £4.5 million

The bumper pay out comes amid soaring oil and gas prices but BP insists the increased reward is not linked

Evening Standard

BP boss Bernard Looney’s pay almost doubles to £4.5m in 2021

Remuneration package includes £142,000 wage increase and £2.4m in bonuses for financial performance

The Guardian - UK

Three Rosneft staff balked at attending Crimea show amid war, sources say

Three employees of Russian oil giant Rosneft said they had resisted pressure to attend a celebratory show in a Moscow stadium on Friday to mark the eighth anniversary of Russia's annexation of Crimea from Ukraine.

Reuters

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Mega yacht ‘owned by oligarch and Putin ally Igor Sechin’ seized by Spanish authorities

Crescent is the oil tycoon’s second boat to be detained since sanctions took effect

The Independent UK

EU to tighten sanctions on Russian oil companies, but stops short of import ban - source

European Union states are set to adopt new sanctions against Russia's oil majors Rosneft, Transneft and Gazprom Neft, but will continue to buy oil from them, an EU source told Reuters on Monday.

Reuters

UK imposes asset freezes on Abramovich, Rosneft boss Sechin

Britain imposed sanctions on Chelsea soccer club owner Roman Abramovich and Igor Sechin, the chief executive of Russian oil giant Rosneft, hitting them with asset freezes and travel bans because of their links to Russian President Vladimir Putin.

Reuters

UK politics: Boris Johnson says he fears Putin may use chemical weapons in Ukraine – as it happened

PM says Russian claims about enemies getting ready to use chemical weapons echoes what happened before the use of chemical weapons in Syria

The Guardian - UK

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US inflation rises to new 40-year high of 7.9%; Abramovich sanctioned by UK – as it happened

ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict, as stock markets slide and Chelsea FC owner is sanctioned by Britain

The Guardian - UK

‘We Could Lose It All’: BP’s Bet on Russia Was Always a Gamble

The company will eat a $25 billion loss with its forced exit from the country—but higher oil prices will ease the pain.

Businessweek

Igor Sechin: the epitome of power in Putin’s Russia

As head of state-owned oil firm Rosneft, oligarch commands central place in the economy

The Guardian - UK

Dozens of firms have cut ties with Russia in the past week

The companies have cut ties with Russia in an act of solidarity against Vladimir Putin's invasion of Ukraine

Wales Online

Co-op, Morrisons, H&M, M&S and more cut ties with Russia amid Ukraine invasion

Shell, BP and British Gas have all taken steps to condemn and sever ties with Russia's economy

Manchester Evening News

France impounds yacht owned by head of Russian state oil giant

Rosneft Chief Executive Officer Igor Sechin’s superyacht was blocked by French customs officials on the Cote D’Azur, part of the European Union’s sanctions against wealthy Russians with close ties to President Vladimir Putin.

Tribune News Service

Full list of UK sanctions placed on Russia as businesses begin to boycott the country

As well as UK Government sanctions, a number of large firms have also stepped in and cut ties with Russia.

Daily Record

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The Conversation

Shell, BP and ExxonMobil have done business in Russia for decades – here's why they're leaving now

In response to Russia’s invasion of Ukraine, British energy giant BP announced on Feb. 27, 2022, that it will sell its nearly 20% ownership in Russian state-owned energy giant Rosneft. BP’s rival Shell is also pulling out of all of its operations in Russia, as are U.S. energy giant ExxonMobil…

Reuters

France seizes Rosneft boss's yacht as it tried to flee

French customs have seized a yacht belonging to Rosneft boss Igor Sechin as it tried to leave the Mediterranean port of La Ciotat in a breach of EU sanctions on Russian oligarchs, Finance Minister Bruno Le Maire said.

France 24

France seizes luxury yacht of Russian energy boss and Putin confidant Sechin

The French government on Thursday said it had seized a superyacht owned by a company linked to Igor Sechin, chief executive of Russian energy giant Rosneft and close confidant of President Vladimir Putin.

The Independent UK

Yacht linked to Putin ally and oil boss Igor Sechin seized by French authorities

Rosneft CEO among 26 prominent people sanctioned by EU for Russia’s invasion of Ukraine

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Daily Mirror

John Lewis, Sainsbury's, H&M and 25 more firms that have cut ties with Russiain past week

British Gas, Morrisons and PayPal are just some of the huge companies suspended ties with Russia in an act of solidarity against Vladimir Putin's war on Ukraine

The Guardian - UK

Fund managers ditch Russian assets, global stocks slide, bitcoin rises after latest sanctions – as it happened

European stocks slide further while Moscow stock exchange remains closed for second day; rouble steadies and Brent crude rises above $100 a barrel

The Guardian - UK

BP and Shell lead rush to exit Russia. There can be no going back

Oil is always a political business, and there’s no point pretending otherwise

The Guardian - UK

Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows

British oil major to exit joint ventures with Gazprom after BP pledged to sell its 20% Rosneft stake

Evening Standard

Shell faces pressure over Gazprom after rival BP pulls plug on $25bn Russia assets

ENERGY giant BP’s decision to sever links with Kremlin-controlled Rosneft has piled pressure on other oil majors to follow suit, with FTSE 100 rival Shell facing calls to dump its Russian assets.

Daily Mirror

BP offloads 19.75% stake in Russian oil giant Rosneft with immediate effect

BP is to offload its 19.75% stake in state-owned Russian oil giant Rosneft "with immediate effect" following President Putin's invasion of Ukraine

The Guardian - UK

Russian central bank hikes rates and closes stock market as rouble crashes; oil and gas soar – as it happened

Commodities including wheat and aluminium surge and European stocks slide as markets respond to wider sanctions on Russia

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