Is B P Going to Divorce Rosne?

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Short term impacton rosne is not significant. But long term, it does huge damage to rosne's reputation as a viable partner for international companies. And rosneft has a whole series of other relationships and joint ventures with other western entities. Those relationships are now going to come under under huge scrutiny. We'll see what happens in the following days, and whether other companies, like the oil traders traffiguran itsal, will see whether how they respond to b p's decision.

BP plans to divest its stake in Russia’s state-oil company Rosneft, Norway’s $1.3tn oil fund plans to sell out of Russia and US and Western allies to impose sanctions on Russia’s central bank and cut some lenders from Swift. Plus, shares in cybersecurity companies rise as companies around the world fear more Russian cyberattacks.

Mentioned in this podcast:

BP to divest stake in Russian state-oil company Rosneft

West to impose sanctions on Russian central bank and cut some lenders from Swift

A global financial pariah’: how central bank sanctions could hobble Russia

War in Ukraine risks scrambling the logic of cyber security

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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