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BP (UK) and Rosneft (Russia) had severed a long-term joint venture in 2013, with Rosneft buying BP's out with $55 billion in cash and a
BP (UK) and Rosneft (Russia) had severed a long-term joint venture in 2013, with Rosneft buying BP's out with $55 billion in cash and a 20% interest (equity interest) in Rosneft itself. Rosneft financed a large part of the buyout by borrowing heavily. The following year, in July 2014, BP received a dividend on its ownership interest in Rosneft of RUB 24 billion.
Assuming a spot rate of RUB 34.44 = 1.00 USD in July 2014 and a spot rate of RUB 64.35 = 1.00 USD in July 2015, how many fewer dollars would BP recieve for the remitted payment?
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