OSLO – Norway’s sovereign wealth fund is at the moment unable to promote its portfolio of Russian shares as the marketplace for such belongings just isn't functioning and lots of corporations are on international sanctions lists, the fund’s CEO, Nicolai Tangen, stated on Tuesday.
The fund owned Russian shares value some 27 billion Norwegian crowns ($2.86 billion) on the finish of 2021, equal to 0.2% of its whole worth, however has since stated the worth of these belongings has fallen by not less than 90%.
($1 = 9.4451 Norwegian crowns)
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