Oil fund stuck with Russian holdings
Norges Bank Investment Management will comply with the Norwegian government’s demand that they sell all Russian assets, but closed markets and extensive sanctions mean the fund’s hands are tied for now.
AMWatch editorial team
The manager of Norway’s sovereign wealth fund has written to the country’s government saying it has removed Russia from the fund’s benchmark index and will sell all its Russian assets – now deemed worthless – though it cannot start doing that yet, reports IPE.
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