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Energy

BP to exit stake in Russian state oil company Rosneft

Move is latest sign of corporate repercussions of Moscow's invasion of Ukraine

Getting out of Rosneft is "in the best long-term interests of all our shareholders," BP's chairman said in a news release.   © Reuters

LVIV, Ukraine (Financial Times) -- BP said it was exiting the 20% stake in Russian state-oil company Rosneft it has held since 2013 in a stark sign of the corporate backlash from Moscow's invasion of Ukraine.

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