Equinor exits from Joint Ventures in Russia

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Equinor's (OSE: EQNR, NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures.

“We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we are thinking of all those who are suffering because of the military action,” says Anders Opedal, President and CEO of Equinor. Early this week Equinor will present a commitment to contribute funding to the humanitarian effort in the region. “In the current situation, we regard our position as untenable. We will now stop new investments into our Russian business, and we will start the process of exiting our joint ventures in a manner that is consistent with our... ... More: Official Press Release Equinor

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Equinor, joint ventures, Russia, business, war, Ukraine, invasion, investment, values, Rosneft, employees, Team