QIA owns a 19% stake in Russian state-backed oil giant Rosneft
Qatar Investment Authority cannot exit Russian market
The sovereign wealth fund's chief investment officer for Europe, Russia and Turkey says QIA’s 19% stake in Russian state-backed oil giant Rosneft is the fund's only holding of significance in Russia.
Tuesday 24/05/2022
QIA owns a 19% stake in Russian state-backed oil giant Rosneft
DOHA - The Qatar Investment Authority cannot exit the Russian market and is waiting to assess its position there because of the Ukraine crisis, the sovereign wealth fund's chief investment officer for Europe, Russia and Turkey said Tuesday.
“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 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.