Danish managers divested Belorusian sovereigns after sanctions – Nordea holds fast

Despite sanctions imposed by, among others, the EU and the US against Aleksander Lukashenko's régime in Belarus, Nordea maintains its investments in Belorusian government bonds. Sparinvest, Bankinvest and Jyske Invest sold theirs, though.

Protesters demonstrating against the presidential election results in Belarus back in November. | Photo: Uncredited/AP/Ritzau Scanpix

Electoral corruption and suppressing the population are a few of the things Belorusians have subjected to during this last half year, which has triggered sanctions from the EU, the US, the UK and Canada.

That's why Danish mutual fund companies Sparinvest, Bankinvest and Jyske Invest have all divested their holdings of Belorusian sovereign debt securities, even though the companies' capital did finance Lukashenkos regime for an interim period.

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