Norwegian wealth fund is almost giving away Russian stocks

The oil fund, managed by Norges Bank Investment Management, was given two weeks to come up with a plan to divest Russian assets by the Norwegian government after the invasion of Ukraine.
Oil fund CEO Nicolai Tangen | Photo: Norsk Telegrambyra As/Reuters/Ritzau Scanpix
Oil fund CEO Nicolai Tangen | Photo: Norsk Telegrambyra As/Reuters/Ritzau Scanpix
By Lars Erik Taraldsen and Stephen Treloar, bloomberg

Norway’s USD 1.3trn sovereign wealth fund has seen the value of its holdings in Russia slump about 91 percent so far this year, with questions over whether it’s possible to recover what’s left.

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