Reuters
Norway’s wealth fund can start selling Russian stocks, finance ministry says
OSLO (Reuters) -Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, can start selling stocks it holds in Russian companies, as long as it complies with international sanctions, the deputy finance minister told Reuters on Friday. “Permission to sell the fund’s Russian stocks is given on the condition that the sale can be done in line with applicable sanctions,” Ellen Reitan said in an email. The Norwegian finance ministry ordered a halt to all transactions in the fund’s Russian assets shortly after Moscow’s invasion of Ukraine in February 2022 and said at the time that the ultimate goal was to divest its holdings.
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