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The Latest Breaking News from British Petroleum

Western Companies Head For the Exit in Russia as Sanctions Tighten

Energy giant BP, global bank HSBC and the world's biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western sanctions tightened the screws on Moscow over its invasion of Ukraine. The West has moved to punish Russia with a raft of…

Asharq Al-Awsat

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

The Guardian - UK

The cheapest petrol stations across Nottingham right now as fuel prices surge

The average cost of a litre of petrol at UK forecourts was 151.67p on Tuesday, March 1

Nottingham Post

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City comment: Russian gas will keep flowing even if Shell ditches Gazprom

Shell must follow BP and dump Gazprom.

Evening Standard

All about the impact of the Ukraine crisis on share prices, energy and inflation

BusinessLive looks at the economic fallout of the Russian invasion of Ukraine and the subsequent sanctions

Birmingham Post

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.

Evening Standard

BP slides over Russia exit as London markets fall again

The oil giant dropped by as much as 7% at the start of trading on Monday.

The Independent UK

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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

Daily Mirror

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

The Guardian - UK

FTSE 100 Live: Sanctions trigger Russia financial markets turmoil, BP dumps Rosneft stake

The impact of sanctions against Russia today sent the rouble to its lowest ever level and prompted the country's central bank to lift interest rates to 20%.

Evening Standard

Andrew Forrest pulls back on Russian investments, while BP will dump Rosneft stake and Norway divests

Russia is being dealt more financial blows, with Australian billionaire Andrew Forrest pulling back on hydrogen investments there, while oil giant BP and Norway's sovereign wealth fund are also divesting from the country.

ABC News

Ukraine agrees to meet Russia on border despite Putin’s nuclear preparations

As Vladimir Putin threatens reprisals and the EU closes air space, Volodymyr Zelensky says he is prepared to send delegates to talk to Russia.

The New Daily

BP exiting stake in Russian oil and gas company Rosneft

BP says it's exiting its share in Rosneft, a state-owned Russian oil and gas company in reaction to Russia's invasion of Ukraine

The Independent UK

BP to sell stake in Russian oil giant Rosneft after Ukraine invasion

The oil giant’s chief executive Bernard Looney is also resigning from the Rosneft board.

The Independent UK

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Evening Standard

BP to offload 19.75% stake in Russian oil firm Rosneft

BP has surrendered its stake in the Russian company

Axios

BP will divest stake in Russian oil giant Rosneft

BP CEO Bernard Looney will immediately resign from Rosneft's board.

The Independent UK

BP abandons stake in Russian oil giant Rosneft with up to $25bn charge after Putin orders Ukraine invasion

Chief executive Bernard Looney is resigning from Rosneft’s board with ‘immediate effect’

The Guardian - UK

Putin signals escalation as he puts Russia’s nuclear force on high alert

Deterrence order given as Zelenskiy says Ukraine delegation will meet Russian officials at Belarus border

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Al Jazeera

Latest Russia-Ukraine updates: Kyiv to hold talks with Moscow

Ukraine news from February 27: Putin puts Russia’s nuclear forces on high alert as Kyiv agrees to talks.

StockNews.com

Brent Crude surpassed the $100 per barrel mark yesterday on the news of the Russian invasion of Ukraine. Oil prices can surge even higher due to tight supply. Hence, oil and gas stocks like Exxon Mobil (XOM) and Chevron (CVX) might be good buys. while stocks BP p.l.c (BP) and…

The Guardian - UK

BP’s ties to Russia draw UK government ‘concern’

Oil firm holds 22% stake in Rosneft, run by Putin’s de facto deputy, and made $2.7bn profit from arrangement last year

The Independent UK

BP warned last year of impact on business if Russia hit with sanctions by West

The oil giant owns a nearly 20% stake in Russia’s Rosneft.

Evening Standard

Could share buybacks be the next big controversy on the FTSE?

Critics say the billion-pound giveaways should be invested in the business instead of being returned to shareholders

The Guardian - UK

UK politics live: Boris Johnson imposes sanctions against Putin and Lavrov – as it happened

Latest updates: PM also urges leaders to take ‘immediate action’ to ban Russia from Swift payment system; sending Nato forces to Ukraine would risk leading to ‘existential’ threat, says minister

Reason

Michigan Witness-Retaliation-by-Threats Law Requires Intent to Threaten Physical Injury (or Crime)

One judge would have held that threats to injure reputation are criminalized by the law, but the other two disagreed.

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