The Norwegian sovereign wealth fund has divested its holdings in Bezeq, an Israeli telecommunications group, accused of facilitating illegal settlements in the West Bank.
Norway's Council of Ethics stated that while Bezeq claims to service Palestinians, its role in supporting settlements contributes to violations of international law.
The fund also sold its stake in Evraz, a Russian steel company, citing its support for Russia's military actions against Ukraine through steel sales to the Defense Ministry.
With assets totaling around $1.8 trillion, Norway's sovereign wealth fund is the largest single investor globally, holding shares in approximately 8,800 companies.
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