Norwegian energy firm Equinor to exit Russia

In solidarity: A general view of the Equinor’s Johan Sverdrup oilfield platforms in the North Sea in Norway. The energy group will start the process of divesting from its joint ventures in Russia amid Moscow’s invasion of Ukraine. — Reuters

OSLO: Norwegian energy group Equinor says it will start the process of divesting from its joint ventures in Russia amid Moscow’s invasion of Ukraine.

Equinor is the second major European oil and gas producer, after energy major BP, to announce its exit from Russia as Western countries ramp up efforts to punish Russia with new sanctions.