Russian Ambassador to Norway Teimuraz Ramishvili said: RIA NewsIt was stated that the Norwegian pension fund’s investments in Russian securities decreased from $3.1 billion to $291 million during the year.
“As for the Norwegian State Pension Fund Global (GPFG), or the Oil Fund as it was previously called, according to the fund’s own estimates, investments in securities on the Russian stock exchange at the beginning of 2022 amounted to NOK. 27.4 billion (about $3.1 billion), the diplomat said.
According to Ramishvili, as of January 2023, GPFG’s investments in shares of Russian companies have fallen to $291.6 million.
The Norwegian National Wealth Fund decided to freeze investments in Russia due to the events in Ukraine at the end of February 2022. As of the end of 2021, the largest securities package of the Fund, which owned shares of 47 Russian companies and government bonds worth $ 2.83 billion, were the shares of Sberbank, Gazprom and Lukoil.
Norwegian Oil Fund in August I predicted the loss In the first half of 2022, a profit of $173 billion was made compared to the previous year.
29 October Ramishvili statedIt was stated that Russia and Norway will continue to work in the field of fisheries despite the sanctions.
Previously Ambassador commentedNorway will not be able to replace the Russian Federation in the European gas market.