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Putin judo partner among Russians hit by sanctions

Three long-time Putin associates are among the list of individuals who have been hit with new European Union sanctions, including Putin's former judo partner Arkady Rotenberg.

Eight Russians, and companies including Russian National Commercial Bank were targeted with the new sanctions.

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Russia sanctions could harm our business, BP warns

Oil giant BP has warned that further international sanctions on Russia could harm the company's profits.

BP warned sanctions on Russia could affect its business in Russia. Credit: Nick Ansell/PA Wire

The UK business owns a 19.75% stake in Russian oil firm Rosneft, which is the subject of sanctions preventing it from using US financial institutions for new loans over a period longer than 90 days.

In its second-quarter results, BP said further international sanctions on Rosneft or on Russia could have a "material adverse impact" on its investment in Rosneft, its business in Russia and its own financial position.

Profits for the quarter to June 30 were $3.18 billion (£1.87 billion), up by a third on the same period a year earlier but down 8% on the previous quarter.

The investment in Rosneft, which is Russia's biggest oil producer, was a factor in the improved performance by BP as profits from the relationship nearly doubled to just over $1 billion (£589 million) in the second quarter.

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