Russian Assets BP owns 20 percent of OAO Rosneft, which it got in exchange for its share of Russian venture TNK-BP. Rosneft, controlled by the Kremlin, is subject to U.S. and European Union sanctions. While in the long run that brings a prime position in one of the the world's largest energy-producing countries, there are plenty of near-term risks, and President Vladimir Putin's government could oppose a change of hands. The window for BP's suitors remains open for as long as oil prices stay low. That is cutting cash flows and profits of oil companies and giving others with large cash balances an opportunity to grow their assets. The litigation settlement in the U.S. doesn't change BP's operational and cash-management outlook, Santander's Kenny wrote. BP is the weakest among its peers in its capacity to increase oil production, he wrote. BP will also have to increase it's gearing to cover for the payouts in the U.S., Kenny wrote.