BP’s chairman, Carl-Henric Svanberg, says that Russia is ‘very keen’ to maintain business relationship with oil company

BP has reassured shareholders it will not be pushed out of Russia and will keep its 20% stake in the country’s largest oil company despite rising tensions over Ukraine.

However, the oil and gas group faced a rebellion closer to home when more than 30% of its investors failed to back its executive pay report at its annual general meeting.

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