Biff_Poindexter
Diamond Member
Shell faces pressure over Gazprom stake after BP pulls plug on $25bn Russia assets
ENERGY giant BP’s decision to sever links with Kremlin-controlled Rosneft has piled pressure on other oil majors to follow suit, with FTSE 100 rival Shell facing calls to dump its Russian assets.
www.standard.co.uk
"ENERGY giant BP’s decision to sever links with Kremlin-controlled Rosneft has piled pressure on other oil majors to follow suit, with FTSE 100 rival Shell facing calls to dump its Russian assets. BP faces a one-off $25 billion hit from the exit with harsh sanctions making the prospect of finding a buyer “very challenging” -- Rosneft accounted for almost a fifth of BP’s $12.8 billion profits in 2021.
Norway’s biggest energy company Equinor also announced a retreat from Russia, where it holds assets of $1.2 billion, amid a growing corporate backlash. Susannah Streeter, at Hargreaves Lansdown, said: "...that investors feel the reputational damage of continuing to do business with Russia could be more damaging long term."
Why is Biden forcing a global giant like BP to do something like this?? Did he threaten the life of the CEO? Did the CEO of BP and Hunter Biden make some shady backroom deal? I never even heard of the Norwegian company, but apparently Biden strong-armed them into bowing down to his Communist demands...
Why is Capitalism not standing up for Putin and Russia?? Do they not understand that Putin fight against Ukraine and the west isn't just a fight against Biden and the Dems, or Satanic western culture that hates God, Putin's fight is for true Christian culture and traditions and also a fight for Capitalism and free markets.