BP could face 'annihilation' says Russian President

In an interview with the Wall St Journal, Medvedev says the spill will likely lead to a fundamental rethink of oil exploration around the globe. However, while he says BP could be face destruction or be broken up, he stopped short of saying his country would re-evaluate BP's lucrative partnership in Russia - which represents almost a quarter of its oil production. "This is a wake-up call," Medvedev said. "Certainly, we are not indifferent to their future. Hopefully, they can absorb the losses." On the euro, Medvedev says the current threat to the single-currency "can't be underesti...