Sanctions against “Gazprom” and “Rosneft” will bring down the EU power grid, said the head of BP

The stand of Gazprom. Санкции к "Газпрому" и "Роснефти" обрушат энергосистему ЕС, заявил глава BP Maksim Blinov

LONDON, 10 Oct — the New US sanctions, similar to those that were applied to RUSAL, in case of introduction against such Russian companies as “Gazprom”, “Rosneft”, “LUKOIL”, can literally bring down the energy system of Europe, said the head of BP Bob Dudley.

“I don’t think it can happen. I think that if companies like Gazprom, Rosneft or LUKOIL will be sanctioned (USA) by type, as happened with “RUSAL”, it will literally bring down the energy system across Europe,” said Dudley at the Oil & Money Conference, answering a question about possible actions of the company in case of potential introduction of direct sanctions, the United States, which could affect the share of BP in “Rosneft”.

“So this is a pretty extreme thing that can happen. We invest in Russia, do it gently. And it’s not just about investing in “Rosneft”. As for Rosneft, this is a serious company, we work with them… They are true professionals, and we are thrilled with this investment. But we are very very careful,” he added.

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