OSLO, March 31 (Reuters) - Norway's $1.3 trillion wealth
fund, one of the world's largest investors, is still unable to
divest its holdings in Russia, which the government decided it
must do after the invasion of Ukraine, the Norwegian finance
ministry said on Friday.
At the time of the invasion in February last year, the
fund's Russian assets consisted of shares in 47 companies and
some government bonds, which had been valued at a combined 25
billion Norwegian crowns ($2.40 billion) at the end of 2021.
"The market for trading in Russian financial instruments is
still subject to comprehensive sanctions and has not been
normalised as of March 2023," the Norwegian finance ministry
said in a policy document.
"Hence, divestment cannot be executed for the time being."
($1 = 10.4305 Norwegian crowns)
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Market value of Norway's wealth fund ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Terje Solsvik, editing by Gwladys Fouche)
Messaging: victoria.klesty.thomsonreuters.com@reuters.net))
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