Russian court dismisses $3 billion ruling against BP
A Russian court Thursday dismissed a $3 billion damages ruling against BP PLC and closed the case, a court official said, ending months of legal strife for the UK company as it finalizes a deal to sell out of its joint venture in the country and take a stake in oil giant OAO Rosneft.
BP's problems in the high-stakes Russian oil market mounted Friday with news that a Siberian court had set a hearing into a $3 billion claim by a local shareholder against the British energy giant.