Norwegian oil giant abandoned Russian oil

Norwegian Equinor repelled a net loss from writing off Russian assets at $ 1.08 billion, the company reported.

According to data, out of a written out amount of $ 251 million, refers to fixed assets and intangible assets and $ 832 million to the corresponding investments taken into account by the shared participation method.

The company also announced the cessation of Russian oil trade. This means that Equinor will not enter into any new transactions or participate in new projects to transport oil and oil products from Russia. The company considers the impact on accounting of obligations arising from such contracts concluded before the start of the war in Ukraine.