News ID : 120231
Publish Date : 12/6/2022 9:41:32 AM
British oil trade in Ukraine war

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British oil trade in Ukraine war

London's strategy is to wait for the normal post -Ukrainian war in order to not get worried about their capital and profits in the Russian oil industry, while still benefiting from the balance of profits from Russian oil and paying for Kyiv.

NOURNEWS - A senior adviser to the Ukrainian president has warned that British Petroleum continues to receive huge profits from Rossneft's oil company because of its investment in Russia.

Oleg Ostco stated that British Petroleum has recently received hundreds of millions of pounds from his Russian energy giant Rossneft.

Although British Petroleum has repeatedly denied the statements of Ukrainian authorities and claims that since the start of the Ukrainian war, it has intended to sell its shares in Rossneft, it has not done so in practice and so far the profits from trade in the industry Russian oil has been deposited into the English company.

According to official statistics, British Petroleum accounts for about 20 percent of Rossneft's shares, and although it has announced its two seats on the board of directors of the Russian Oil Company and eliminated the value of its investment from its accounts In international oil contracts, there is no legal and financial place, and the regulations in financial transactions are automatically considered, and it can be confident that the British company has received its profits from the Russian oil market in due time.

Last month, for example, Rossneft announced that it will pay 216 billion rubles (2.9 billion pounds) for the first nine months of the year, with British Petroleum's share of £ 580million and interestingly one -third of the amount in London so far in London. The form of direct financial aid has provided Ukraine.

On the other hand, 5 % of the property insurance and compensation of all oil tankers are carried out by companies from the UK and to some extent that, not only the British Petroleum but other UK insurance and transport companies, also received a great profit from the fluctuations of global market tensions.

What is certain is that despite British claims, London's strategy is to wait for the normal post -Ukrainian war and not worry about their capital and profits in the Russian oil industry, while in the balance of profits from the Russian oil market and the payment of funds to Kyiv.

BY: Mohammad Ghaderi


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