"Norway's massive sovereign wealth fund to exit Russian holdings," 28 February 2022

Norges Bank Investment Management, the arm of the Norwegian central bank that operates the $1.3 trillion fund, is freezing investments in Russia... The fund will neither buy nor sell shares right away, the spokesperson said, and will work with the Ministry of Finance to prepare a plan to divest from the Russian market.

... The Norwegian government... outlined a raft of measures it is taking to support Ukraine, including allocating funds for humanitarian aid, joining European Union sanctions and withdrawing the oil fund from Russian investments. Norway, a member of the North Atlantic Treaty Organization, will also provide military equipment to Ukraine.

... At the end of last year, the fund had 27 billion Norwegian kroner, equivalent to $3 billion, invested in Russian stocks... amounting to 0.2% of the fund’s overall investments. Its largest stock investments in Russia included holdings in Russian lender Sberbank, gas producer Gazprom PJSC and oil major Lukoil.