Western investors welcomed BP's intention to give up on a venture that has been increasingly viewed as a drag on the stock's performance because of the Russia-related risk. But many Moscow analysts see BP simply maneuvering within a boarder power struggle that will not lead to any change in TNK-BP ownership any time soon. They also believe that the four local tycoons are just as willing to sell their own stakes in TNK-BP in exchange for BP shares and billions of dollars in cash. Ivestcafe analyst Grigory Birg said the tycoons were ready to accept 10 to 12% of BP shares and financial compensation after demanding a buyout of some $35 billion that could have ended last year's Arctic oil dispute. Some market players also think Rosneft itself may eventually end up replacing the billionaires in TNK-BP through a multi-step arrangement that would take many months to complete.