Norway’s sovereign wealth fund, the world’s largest, has excluded two companies from China and India for selling light combat aircraft and a weapons system to military-ruled Myanmar.Norges Bank Investment Management said it had divested from AviChina Industry & Technology and Bharat Electronics due to the “unacceptable risk” that the companies posed by selling weapons to a state that uses them “in ways that constitute serious and systematic violations of international humanitarian law”.The fund, valued at 13.2 trillion kroner ($1.3 trillion) on Wednesday, owned 0.37 percent of the Chinese group and 0.32 percent of the Indian company at the end of 2021, according to the most recent figures available. The decision to exclude the two companies was taken by an ethics board, the fund said in a statement released on Tuesday.
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