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BP says new sanctions on Russia appear to target access to markets

Thu, 17th Jul 2014 09:27

LONDON, July 17 (Reuters) - BP said on Thursday itwas studying the latest sanctions against Russia and that onfirst impression they appeared to focus on restricting access ofsanctioned entities to U.S. medium and long-term debt and equitycapital markets.

BP has a stake of just under 20 percent in Russianstate-controlled oil major Rosneft and generates aquarter of its oil output from Russian oil fields. It is alsoone of the biggest buyers of Russian oil.

On Wednesday, U.S. President Barack Obama imposed thetoughest sanctions yet on Russia, targeting companies closest toRussian leader Vladimir Putin over what Washington says isMoscow's failure to curb violence in Ukraine. (Reporting by Dmitry Zhdannikov; editing by Jason Neely)

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