July 6, 2008

Russian Shareholders in Tnk-Bp to Appeal Bp’s $350 Suit

MOSCOW. July 6 (Interfax) - The Russian shareholders of TNK-BP Ltd - Alfa Group, Access Industries and Renova Group (AAR Consortium) - are going to appeal the BP suit to compensate 8.5 billion ruble ($352 million) in damages, the consortium's statement obtained by Interfax says.

"Despite the fact that BP has yet to provide full information about the suit, AAR thinks that this claim is unlawful and excessively high and states that it is resolved to appeal this suit," the statement says.

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