Support The Moscow Times!

TNK-BP Deal Approved

The Federal Anti-Monopoly Service gave the go-ahead to Rosneft to buy 100 percent of TNK-BP but with conditions, the watchdog said, Interfax reported.

The unified company will have two months from the day the deal is completed to provide the agency with information about regions where its fuel market share is greater than 50 percent. And a year after that information is provided, it will have to sell some of its filling stations in those regions.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.