Qatar Investment Authority cannot exit Russian market By Reuters
© Reuters. FILE PHOTO: A general view shows oil treatment facilities at Vankorskoye oil field owned by Rosneft north of Krasnoyarsk, Russia, March 25, 2015.
DOHA (Reuters) – 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.”
QIA owns a 19% stake in Russian state-backed oil giant Rosneft, which Al-Hammami said is the fund’s only holding “of significance” in Russia.
(Reporting and writing by Andrew Mills in Doha, Editing by Louise Heavens)
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