Russia turns up the heat on BP

The acrimonious struggle between BP and its Russian partners has escalated – and whether BP can come to a compromise or not depends on the whim of the Russian government.

The "acrimonious struggle" between BP and its Russian partners has escalated, said Ed Crooks in the FT. BP and four Russian oligarchs share ownership of the $30bn Russian TNK-BP joint venture. Having barred around 150 of TNK-BP's foreign executives by court order, Moscow relented but then only agreed to issue half the number of Russian work permits requested by BP, and too late to allow many staff, including BP's local chief executive, Bob Dudley, to secure new visas.

The economic stakes are high

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