BP still hasn't sold its stake in Russian oil giant Rosneft - despite pledging to exit at the beginning of the war. BP still doing business in Russia: Despite announcing in 2022 that they would end their 19.75% shareholding stake and end their business in Russia, BP has yet to do so. On August 16th 2023, Interfax stated:In early 2022, BP said it would withdraw from Rosneft, but so far there have been no reports of the British company selling its stake. In February, Rosneft CEO Igor Sechin said that BP is still a "shadow shareholder", not participating in the work of management bodies, but retaining all rights and dividends. https://interfax.com/newsroom/top-stories/93609/ Russia is still profiting from BP’s continued stake in Rosneft, according to Tom Keatinge, director of the Royal United Service Institute Centre for Financial Crime and Security Studies, via Newstatesman: "Given the extent to which Russia finances are increasingly against the wall due to sanctions, I am quite certain that the Kremlin would feel fully justified in taking the funds that have been left or waived by BP, says Tom Keatinge, director of the Royal United Service Institute Centre for Financial Crime and Security Studies. ...It would be better for BP to take the dividend and then donate that to a Ukraine reconstruction fund, says Keatinge. Then the money would be put to good use rather than either no use, or worse, handed to the Russian state to fund the war." https://www.newstatesman.com/business/2023/02/bp-russian-profits-gone-russia-ukraine On June 6th, 2024, Energy Intel also confirmed that BP still maintains its 19.75% stake in Rosneft. https://www.energyintel.com/0000018f-edb0-d786-af9f-effd7d2d0000 At the same time the company made a significant write offs in its group reporting of its share in Rosneft for the total amount of $25.5bn, therefore recognizing this share of ownership as a loss, which indicates its intention not to return to the country for the time being.