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Wednesday, August 31, 2011

BP Sees Russian Office Raids As 'Pressure' - Interfax

- BP Sees Russian Office Raids As 'Pressure' - Interfax

Wednesday, August 31, 2011
Dow Jones Newswires
by Ira Iosebashvili

Russian raids on BP's Moscow offices are a means of pressuring the company's business activities within the country, BP Russia head Jeremy Huck said Wednesday, Interfax reported.

The court decree to raid BP's office "has no legal basis," Huck said.

"The work of our office is paralyzed. We see these actions as an element of pressure on BP's business in Russia."

Earlier, Russian bailiffs entered a BP Moscow office to examine documents requested in a $3 billion lawsuit filed by Siberia-based minority shareholders in BP's Russian joint venture, TNK-BP Holding (TNBP.RS).

Huck said he expected the raids to continue until the end of the week.

Copyright (c) 2011 Dow Jones & Company, Inc.

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