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Norwegian Oil Fund freezes its investments in Russia

Norwegian Prime Minister Jonas Gahr Stere said that investments in Russia by Norway's state pension fund, also known as the oil fund, would be frozen. It is reported by TASS.

“We are freezing investments in the oil fund in Russia and starting the exit process,” said the Prime Minister of Norway.

The head of the Norwegian Ministry of Finance, Tryge Stalsvoll Veduma, claims that the main goal of this measure is "the complete withdrawal of the oil fund from the Russian market."

Earlier, the British oil company British Petroleum announced that they were getting rid of a 19.75% stake in the Russian company Rosneft due to the special operation of the Russian Federation in Ukraine.

On February 24, Russian President Vladimir Putin announced that he had decided to conduct a military special operation to protect the Donbass in response to a request for help from the heads of the LPR and DPR.

Ukraine severed diplomatic relations with Russia. Ukrainian President Volodymyr Zelensky has submitted a bill on general mobilization to the Verkhovna Rada.

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Norwegian Oil Fund freezes its investments in Russia