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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (52931)	2/27/2022 10:25:27 PM
From: bull_dozer	2 Recommendations Recommended By ajtj99 Lou Weed Respond to of 97475

Norway’s Massive Sovereign Wealth Fund to Exit Russian Holdings The world’s largest sovereign-wealth fund is divesting its Russian holdings. Norges Bank Investment Management, the arm of the Norwegian central bank that operates the $1.3 trillion fund, is freezing investments in Russia, a spokesperson for the fund said Sunday. The fund will neither buy nor sell shares right away, the spokesperson said, and will work with the Ministry of Finance to prepare a plan to divest from the Russian market. The Norwegian government on Sunday outlined a raft of measures it is taking to support Ukraine, including allocating funds for humanitarian aid, joining European Union sanctions and withdrawing the oil fund from Russian investments. Norway, a member of the North Atlantic Treaty Organization, will also provide military equipment to Ukraine. wsj.com