focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 491.30
Bid: 490.50
Ask: 490.60
Change: 2.00 (0.41%)
Spread: 0.10 (0.02%)
Open: 491.00
High: 493.10
Low: 490.30
Prev. Close: 489.30
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Ceasefire talks begin at Belarus border four days after Russia invades Ukraine

Mon, 28th Feb 2022 12:55

KYIV/MOSCOW, Feb 28 (Reuters) - Ceasefire talks between Russian and Ukrainian officials began on the Belarusian border on Monday as Russia faced deepening economic isolation four days after invading Ukraine.

Russian forces seized two small cities in southeastern Ukraine and the area around a nuclear power plant, the Interfax news agency said.

But they ran into stiff resistance elsewhere as the biggest assault on a European state since World War Two failed to make as much ground as some had expected.

Talks began with the aim of an immediate ceasefire and the withdrawal of Russian forces, the Ukrainian president's office said. Russia has been cagier about the talks, with the Kremlin declining to comment on Moscow's aim.

It was not clear whether any progress could be achieved after Russian President Vladimir Putin put Russia's nuclear-armed units on high alert on Sunday.

The talks are being held on the border with strong Russian ally Belarus, which has become a launch pad for the invading Russian troops.

"Dear friends, the President of Belarus has asked me to welcome you & facilitate your work as much as possible. As it was agreed with the Presidents (Volodymyr) Zelenskiy and Putin, you can feel completely secure," Belarusian Foreign Minister Vladimir Makei said at the start, according to the foreign ministry's translation on Twitter.

The Western-led response to the invasion has been emphatic, with sanctions that effectively cut off Moscow's major financial institutions from Western markets. Russia's rouble currency plunged 30% against the dollar on Monday. Countries also stepped up weapons supplies to Ukraine.

BATTLE FOR THE CITIES

Blasts were heard before dawn on Monday in the capital Kyiv and in the northeastern city of Kharkiv, Ukrainian authorities said. But Russian ground forces' attempts to capture major urban centres had been repelled, they added.

The Ukrainian General Staff said Russian forces were focusing on Chernihiv city, northeast of Kyiv, and parts of Donetsk region in the east among other areas.

Kyiv authorities warned residents emerging from a weekend curfew that they would see newly erected fortifications, tank traps and other defensive installations in the streets as the city girds for further battle.

Russia's defence ministry said its forces had taken over the towns of Berdyansk and Enerhodar in Ukraine's southeastern Zaporizhzhya region as well as the area around the Zaporizhzhya nuclear power plant, Interfax reported. The plant's operations continued normally, it said.

Ukraine denied that the nuclear plant had fallen into Russian hands, according to the news agency.

Dozens of people were killed in Russian rocket strikes on Kharkiv on Monday, Ukrainian interior ministry adviser Anton Herashchenko said.

U.N. human rights chief Michelle Bachelet said at least 102 civilians in Ukraine have been killed since Thursday, with a further 304 wounded, but the real figure is feared to be "considerably higher".

More than half a million people have fled to neighbouring countries, according to the United Nations refugee agency.

Fighting took place around the Ukrainian port city of Mariupol throughout the night, Pavlo Kyrylenko, head of the Donetsk regional administration, said. He did not say whether Russian forces had gained or lost ground, or provide any casualty figures.

A U.S. defence official said Russia had fired more than 350 missiles at Ukrainian targets since Thursday, some hitting civilian infrastructure.

WEAPONS

Partners in the U.S.-led NATO (North Atlantic Treaty Organization) defence alliance were providing Ukraine with air-defence missiles and anti-tank weapons, NATO chief Jens Stoltenberg said.

The Kremlin accused the European Union of hostile behaviour, saying weapons supplies to Ukraine were destabilising and proved that Russia was right in its efforts to demilitarise its neighbour.

"Throughout Russia, the vast majority of the population has friends or relatives who live in Ukraine. Naturally, everyone's hearts are aching for what is happening to these relatives," Kremlin spokesperson Dmitry Peskov said.

The Kremlin declined to comment on whether there was a risk of confrontation between Russia and NATO. Russia has demanded that NATO never admit Ukraine.

Over the weekend, Western nations announced sanctions including blocking some Russian banks from the SWIFT international payments system.

In an emergency move, Russia's central bank raised its key interest rate to 20% from 9.5%. Authorities told export-focused companies to be ready to sell foreign currency.

It also ordered brokers to block attempt by foreigners to sell Russian securities.

Corporate giants also took action in response to the sanctions, with British oil major BP BP, the biggest foreign investor in Russia, saying it would abandon its stake in state oil company Rosneft at a cost of up to $25 billion.

PROTESTS

Protests have been held around the world against the invasion, including in Russia, where almost 6,000 people have been detained at anti-war demonstrations since Thursday, the OVD-Info protest monitor said.

The U.N. Human Rights Council agreed on Monday to Ukraine's request to hold an urgent debate this week on the invasion after Kyiv's ambassador told the Geneva forum that some of Moscow's military actions "may amount to war crimes".

Zelenskiy on Monday asked the European Union to allow Ukraine to gain membership immediately.

"Our goal is to be with all Europeans and, most importantly, to be equal...I am sure we deserve it," he said in a video shared on social media.

U.S. President Joe Biden will host a call with allies and partners on Monday to coordinate a united response, the White House said.

Russia calls its actions in Ukraine a "special operation" that it says is not designed to occupy territory but to destroy its southern neighbour's military capabilities and capture what it regards as dangerous nationalists.

The EU shut all Russian planes out of its airspace, as did Canada, forcing Russian airline Aeroflot to cancel all flights to European destinations until further notice.

More News
8 Mar 2024 13:42

BP appoints Aviva boss Amanda Blanc as senior independent director

(Sharecast News) - Oil giant BP said on Friday that it has appointed Aviva chief executive Amanda Blanc as senior independent director with effect from after the annual meeting on 25 April.

Read more
8 Mar 2024 12:20

IN BRIEF: BP promotes Aviva chief executive officer to senior director

BP PLC - London-based oil major - Non-Executive Director Amanda Blanc will be appointed as a senior independent director, effective from April 25 at the conclusion of BP's annual general meeting. Blanc joined BP's board in September 2022. She has been group chief executive officer of Aviva PLC since July 2020. Company also says Senior Independent Director Paula Reynolds will retire at the AGM's conclusion, having served on the board for nine years. Non-Executive Director John Sawers will also be retiring.

Read more
8 Mar 2024 10:33

BP pays Auchincloss £8m in 2023, claws back £1.8m from Looney

(Sharecast News) - BP chief executive officer Martin Auchincloss was paid £8m for his services in a particularly prosperous year, it was revealed on Friday, as it managed to claw back a further £1.8m from its former head Bernard Looney.

Read more
4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

Read more
4 Mar 2024 10:43

Jefferies upgrades BP to 'buy'

(Sharecast News) - Jefferies upgraded BP on Monday to 'buy' from 'hold' and lifted the price target to 570p from 520p.

Read more
4 Mar 2024 08:59

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
4 Mar 2024 08:55

LONDON MARKET OPEN: Review cuts Hipgnosis Songs Fund valuation

(Alliance News) - Stock prices in London opened mostly lower on Monday, as investor attention remained primarily on the release of the UK Spring budget on Wednesday.

Read more
4 Mar 2024 07:41

LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

Read more
22 Feb 2024 09:49

LONDON BROKER RATINGS: Berenberg raises Moneysupermarket.com to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
15 Feb 2024 16:52

LONDON MARKET CLOSE: Stocks in green despite UK hit by recession

(Alliance News) - Stock prices in London closed higher on Thursday, after data showed that the UK economy slipped into recession in the final quarter of 2023, buoying hopes for interest rate cuts from the Bank of England.

Read more
15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

Read more
15 Feb 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat as strong start fades

(Alliance News) - The FTSE 100 tread water on Thursday afternoon, as share price declines for some of London's heavyweights offset a strong start for the index, which got a boost from Bank of England rate cut hopes.

Read more
15 Feb 2024 09:17

BP hails arrival of LNG vessel at project off Senegal and Mauritania

(Alliance News) - BP PLC on Thursday celebrated the arrival of a gas vessel offshore west Africa, which it called a "major milestone" for its project there.

Read more
14 Feb 2024 12:01

BP and Adnoc form gas joint venture in Egypt to boost capabilities

(Alliance News) - BP PLC on Wednesday said it will form a joint venture with Abu Dhabi National Oil Co in Egypt, under which BP will contribute its interests in three development concessions.

Read more
14 Feb 2024 10:27

BP and Adnoc agree Egyptian joint venture

(Sharecast News) - BP has agreed a new joint venture in Egypt with long-standing partner Adnoc, it was confirmed on Wednesday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.