Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Suit Against BP Dropped

The board of directors of TNK-BP Holding approved minority shareholder Andrei Prokhorov's decision to drop a lawsuit against BP seeking more than 100 billion rubles, TNK-BP said, Interfax reported.

TNK-BP Holding is TNK-BP's largest subsidiary.

In December, a source familiar with the case told Interfax that Prokhorov had filed a motion to drop the lawsuit against BP on the grounds of a petition by Prokhorov's representative for more evidence from TNK-BP's executive directors. The motion was granted.

Prokhorov said BP compelled the board of directors of TNK-BP to reject a proposal for TNK-BP Holding to participate in a planned strategic partnership between BP and state oil major Rosneft.

(MT)

Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.