Qatar Investment Authority cannot exit Russian market | Reuters
The Qatar Investment Authority cannot exit the Russian market and is waiting to assess its position there because of the Ukraine crisis, one of the sovereign wealth fund's chief investment officers said on Tuesday.
Moscow placed restrictions on foreign investors trading Russian assets in March, saying it wanted to ensure decisions to exit were considered and not driven by political pressure, after Russia sent troops into Ukraine. read more
"We can't do much in Russia...We have to really assess where to stand on those opportunities there. I think it is a very difficult position for us, being an investor with one name,” said Ahmed Ali Al-Hammadi, QIA’s chief investment officer for Europe, Russia and Turkey said in a panel discussion at the World Economic Forum.
QIA owns a 19% stake in Russian state-backed oil giant Rosneft, which Al-Hammadi said is the fund's only holding "of significance" in Russia.
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