Sanctions Against Rosneft Also Concern Shareholders, Including BP - CEO

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Sanctions imposed against Rosneft also concern its shareholders, including BP, the company’s CEO Igor Sechin said in an interview with the German magazine Spiegel.

MOSCOW, September 1 (RIA Novosti) - Sanctions imposed against Rosneft also concern its shareholders, including BP, the company’s CEO Igor Sechin said in an interview with the German magazine Spiegel.

"Rosneft is an international public company: we have shareholders from the United States, Europe and Asia. BP is the largest of them, after Russia, it owns nearly 20 percent of our shares. Therefore, the sanctions are directed against them as well," Sechin said.

The EU sanctions package prohibits exporting to Russia technologies and equipment linked to deep water and Arctic oil exploration and production, as well as to shale-oil projects. The United States also introduced sanctions banning future contracts on supplying Russia with technologies and equipment used for hydrocarbon development.

Rosneft was among the affected companies and its CEO Igor Sechin was included in the personal sanctions list.

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