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Norway Blocks Sale of Rolls-Royce Engine Maker to Russian Group
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Norway blocks Rolls-Royce sale of engine maker to Russia
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FTSE slips despite weak sterling amid EU vaccine concerns
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by Tyler Durden
By Jonathan Williamson, via Norway Today,
The past year has seen the world economy blighted by the impacts of the COVID-19 pandemic. The pandemic has impacted every corner of the globe and every sector in the world economy. However, there are some countries that have emerged, post-lockdown, relatively unscathed.
Generally, those with an authoritarian regime, that are less bound by electoral cycles, individual freedoms, and market-driven economies, have been able to shut their country down efficiently. The ease at which countries can mobilize the military, to both enforce lockdowns and aid in mass vaccination programs, has helped in the quicker reopening of their economies than other freer countries.
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Norway Blocks Rolls-Royce s Assets Sale To Russia Over national Security Concern
Norway s National Security Authority (NSM) notified Rolls Royce that it was examining the planned sale to Russia under the Security Act.
Norway on Wednesday notified the domestic engine maker Rolls Royce Holdings that it was halting the sales of its Bergen Engines to Russian owned by TMH group due to security implications. Norway s National Security Authority (NSM), a supervisory and protective authority for the government of Norway to counter the threat, notified Rolls Royce that it was examining the planned sale to Russia under the Security Act.