Offshore

Equinor stops trading Russian oil

In the financial year 2021, Equinor had assets in Russia worth USD 1.2bn. A farewell to the Russian market is therefore expected to lead to major write-downs for the Norwegian oil firm.
Photo: Equinor ASA
Photo: Equinor ASA
by marketwire

Norwegian oil outfit Equinor halts all business involving Russian oil, the company states in a press release Monday.

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