Norwegian equipment and technology group Akva Group has hired lawyers to investigate how to deal with the Russian market following that country's invasion of Ukraine.

During the past five years, 3-5 percent of Akva's turnover has come from sales to the Russian market. Sales have primarily included nets, parts and feed rafts.

The group has no employees or physical assets in Russia.

While Akva Group is following international sanctions against Russia, there is still uncertainty related to how those sanctions will be interpreted, the company said in its annual report.