Norwegian prime minister Jonas Gahr Stoere announced on Sunday at a press conference:

  • "We have decided to freeze the fund's investments and have begun a process of selling out (of Russia)," Prime Minister Jonas Gahr Stoere told a news conference.

The fund's Russian assets

  • shares in around 47 companies as well as government bonds
  • were worth 25 billion Norwegian crowns ($2.83 billion) at the end of 2021