Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Suit Against TNK-BP Tossed

The eighth arbitration appeal court in Omsk upheld the ruling of the arbitration court of the Tyumen region that dismissed Andrei Prokhorov's claim against TNK-BP Holding board members Peter Anthony Charow and Richard Sloan, BP Russia Investment said in a statement Thursday.

Prokhorov, who owns 0.0000106 percent of shares of TNK-BP Holding, filed two lawsuits on August 9, 2011, against BP Russian Investment, BP and board members of TNK-BP Holding.

Prokhorov sought to recover 496 billion rubles ($16 billion) in lost profits to TNK-BP allegedly incurred by the company due to nonparticipation in the potential Arctic deal with Rosneft.


… 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.

paiment methods
Not ready to support today?
Remind me later.

Read more