MOSCOW, March 15 (Sputnik) - Norwegian energy company Equinor, which had been present in Russia for over 30 years, confirmed that it would stop trading in and transporting Russian oil and oil products amid the country's military operation in Ukraine.

"Following the announcement that Equinor has started the process to exit its projects in Russia, a decision has been made that Equinor will also stop trading in Russian oil. This means that Equinor will not enter any new trades or engage in transport of oil and oil products from Russia,” the company said in a statement on Monday.

In addition, Equinor pledged to review all aspects of cooperation with Russia, including legal obligations. At the moment, the company has certain commitments under agreements concluded before the beginning of Russia's military operation in Ukraine.

Equinor added that it would receive cargoes under these contracts in compliance with Western sanctions recently imposed on Russia.

On 28 February, the company decided to cease new investments into Russian business and exit all Russian joint ventures.