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’s share price plunged by 7.5% today, despite a surge in Brent Crude and natural gas prices, as investors were taken by surprise at its decision to abandon a 20% holding in the state-run oil company, ending a lucrative 30-year association with Russia.
