Support The Moscow Times!

BP Balks on Skolkovo Deal

BP refused to sign an agreement with the Skolkovo Fund on a $10.5 million research project earlier this month, citing concerns about breaking TNK-BP's shareholder agreement, Kommersant reported Wednesday.

The signing was supposed to take place during British Prime Minister David Cameron's visit to Russia earlier this month, but BP said it feared accusations from TNK-BP's shareholders that the deal violated their rights.

The AAR consortium, which owns half of TNK-BP and includes Skolkovo Fund president Viktor Vekselberg, earlier blocked a proposed share swap between BP and Rosneft, claiming it violated its exclusivity agreement with BP.

(MT)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more