British oil company BP said Sunday it will exit from its 19.75% stake in Rosneft, the Russian oil giant with ties to the Kremlin, and that BP CEO Bernard Looney will immediately resign from Rosneft's board.
Driving the news: The British government had called for the move Friday, when it summoned Looney to a meeting with U.K. business secretary Kwasi Kwarteng and accused Rosneft of providing fuel to Russian President Vladimir Putin’s army for the invasion, according to multiple reports.
