BP opened a new front in the West’s campaign to isolate Russia’s economy by deciding to exit its Russian oil and gas investments, the most aggressive move yet by a company in response to Moscow’s invasion of Ukraine. Western allies have ramped up efforts to punish Russia by closing airspace to Russian aircraft, shutting out some banks from the SWIFT financial network, and limiting Moscow’s ability to deploy its $630 billion foreign reserves, all measures that are expected to hammer the economy. read more The rouble plunged as much as 30% to an all-time low against the dollar on Monday, prompting the central bank to more than double its key interest rate to 20% to prop it up. read more BP, Russia’s biggest foreign investor, said it was abandoning its stake in state-controlled energy firm Rosneft (ROSN.MM) at a cost of up to $25 […]

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