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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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