Oil major BP Plc is to exit its shareholding in Russian oil company Rosneft PJSC. It should transfer its troublesome asset to a trust designed to put future dividends, or proceeds from a sale, to good use. The current narrative seems to see only two alternatives for BP to offload its 19.75% shareholding in Rosneft — either find a ...

All eyes are on the conventional war unfolding in Ukraine. But a very different kind of conflict looms over the conflict. Before invading, Putin staged nuclear weapons drills around Russia’s border with Ukraine. In case anyone missed the point, his speech justifying the invasion reminded listeners that his country remained “one of the most powerful nuclear powers.” Worse, this rant ...

  Bloomberg Leasing firms are facing the challenge of recalling jetliners worth billions of dollars from Russian airlines, as sanctions imposed over the Ukraine invasion threaten carriers’ ability to operate rented planes. EU sanctions ban the supply of “all goods and technology” linked to aircraft. Planes can’t be insured, either. That means leasing firms will be required to terminate all ...