Norwegian oil fund to divest Russian assets

Norges Bank
Image: Norges Bank

Norges Bank Investment Management (NBIM) is to divest its holdings of Russian assets in response to Russia’s invasion of Ukraine.

“Given the way the situation has evolved, we consider it necessary for the fund to divest its Russian assets,” said minister of finance Trygve Slagsvold Vedum. Norway’s government unveiled several sanctions on Russia and support measures for Ukraine on February 27.

NBIM’s latest available investment disclosures, dated December 2020, show it held equity stakes in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: