Russia’s plans to modernize its oil production sector by pursuing international energy partnerships has been dealt a blow as a major deal became mired in legal disputes. Plans by Russia’s largest oil firm Rosneft to implement a share swap agreement with BP were hindered by legal hurdles. On April 8, the Stockholm arbitration tribunal ruled that the interim injunction prohibiting the closing of the share-swap deal with Rosneft would remain in place “until further notice” (Interfax, April 8).
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