Axios Pro Rata: Exiting Russia
Plus, "growing" cement to fight climate change. | Monday, February 28, 2022 Open in app View in browser Presented By Blackstone Axios Pro Rata By Dan Primack · Feb 28, 2022 Top of the Morning Illustration: Aïda Amer/Axios Divestment is the financial buzzword on Russia , but everything after its last syllable is murky. Driving the news: BP yesterday said it would exit its 19.75% stake in Russian oil giant Rosneft. Norway's sovereign wealth fund, the world's largest, said it would divest its $25 billion of Russian assets. Companies like Daimler Truck and Equinor said they intend to abandon Russian joint ventures. Expect this list to grow so long as the war persists. It also could impact the VC/PE markets, where Russian oligarch money has flowed into funds and deals. Between t...