AAPL - Equinor UPS and FedEx join drive in divesting from Russia

Governments aren't the only ones wounding Russia's economy as a move to divest from the country takes hold among corporations. British oil major BP, the biggest foreign investor in Russia, is selling its 20% stake in Rosneft (at a cost of up to $25B) after coming under fire from the U.K. government. Up until now, BP has maintained that that it was in Russia for business, not for politics, but its 30-year run in the country may now be unfolding. The campaign spreads: Norway's Equinor (NYSE:EQNR) is following suit, exiting its joint ventures in Russia and stopping new investments there. "We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we are thinking of all those who are suffering because of the military action," declared CEO Anders Opedal. In fact, Norway's government has even ordered its $1.3T oil fund, the world's

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Equinor, UPS and FedEx join drive in divesting from Russia