TNK-BP's Robert Dudley escapes three-year Russia ban and fined £10

timesonline.co.uk     08-Aug-2008            

Robert Dudley, chief executive of TNK-BP, BP’s troubled Russian 50-50 joint venture, escaped a possible three-year ban from doing his job today after a Moscow court said he had broken the Russian labour code. Mr Dudley is remotely managing TNK-BP from abroad after he left Russia last month amid a fierce shareholders’ dispute between the British oil group and a quartet of Soviet-born billionaires, who own the other half of Russia’s third-largest oil producer. Dudley was fined 500 roubles (£10.80) a court official said after the... [read full story]                    

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