Less Ads, More Data, More Tools Register for FREE

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)

Related Shares

More News
Today 00:04

Crew evacuated from Greek-owned vessel hit by Houthis

MANILA/LONDON, June 14 (Reuters) - The crew of a Greek-owned vessel damaged in an attack by Yemeni Houthi militants has been evacuated, and the aban...

13 Jun 2024 16:22

Ukraine agrees on first LNG supply deal with US company Venture Global

June 13 (Reuters) - Ukraine signed on Thursday its first liquefied natural gas (LNG) deal with a U.S. company to help to avert an energy supply crun...

11 Jun 2024 16:00

Woodside's Sangomar project produces first oil in Senegal

DAKAR, June 11 (Reuters) - Senegal's Sangomar oil and gas field has produced its first oil, operator Woodside Energy said on Tuesday, adding that th...

11 Jun 2024 13:31

OPEC keeps global oil demand forecasts unchanged

(Sharecast News) - The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.

10 Jun 2024 23:46

Sector movers: Oil majors catch a bid after nearly a month of share price declines

(Sharecast News) - Oil & Gas shares caught a bid on Monday, tracking a rebound in oil prices after about two month's of losses, despite strength in th...

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.