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

The companies have cut ties with Russia in an act of solidarity against Vladimir Putin's invasion of Ukraine

Shell, BP and British Gas have all taken steps to condemn and sever ties with Russia's economy

Rosneft Chief Executive Officer Igor Sechin’s superyacht was blocked by French customs officials on the Cote D’Azur, part of the European Union’s sanctions against wealthy Russians with close ties to President Vladimir Putin.

As well as UK Government sanctions, a number of large firms have also stepped in and cut ties with Russia.

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