The Latest Breaking News from Rosneft

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

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

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…

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.

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.

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

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

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

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