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16

Putin Hopes BP Business In Russia To Grow

Russian president Vladimir Putin and BP chief Lord John Browne met on Friday to seek reassurances...

Russian president Vladimir Putin and BP chief Lord John Browne met on Friday to seek reassurances about the business climate amid worries about a $1bn back tax bill, demanded by Russian authorities from British-Russian venture TNK-BP.

Putin has told that he expects BP?s business in Russia to grow, boosting hopes for the future of TNK-BP.

Putin said BP was a "good corporate citizen", but neither man mentioned the back tax claim.

"We hope that in the future your business will grow," Putin said.