Norway's foreign minister says the country will suspend issuing new licenses to export defence-related equipment to Saudi Arabia.
Foreign Minister Ine Eriksen Soereide told Norwegian news agency NTB on Friday that the move was temporary until "a comprehensive assessment of recent developments in Saudi Arabia and the region and the unsettling situation in Yemen" is completed.
NTB said exports of defence-related equipment so-called B-material in 2017 to Saudi Arabia was worth 41 million kroner (USD 4.9 billion), a massive increase from 2016 when it was 23,000 kroner (USD 2,750).
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app