Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country’s oil giant, Rosneft. The company said any erosion of its relationship with Rosneft – which is majority controlled by the Russian state, with BP holding a 19.75 percent stake – could also adversely impact its reputation. The U.S. has already put sanctions on Rosneft’s president and prohibited the company from tapping U.S. markets to raise money. The European Union is this week also considering broadening its sanctions to prohibit state-owned companies from using European capital markets. “If further international sanctions are imposed on Rosneft or new sanctions are imposed on Russia or other Russian individuals or entities, this could have a material adverse impact on our relationship with and investment in Rosneft, our business and strategic objectives in Russia and our financial position and […]