Norway should begin process of divesting Russian assets, central bank says

Business and Finance Business and Finance

Wed, December 4, 2024

[ Wed, Dec 04th 2024 ] - Bill Williamson

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[ Wed, Dec 04th 2024 ] - Thomas Matters

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[ Wed, Dec 04th 2024 ] - Brian Stokes

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[ Wed, Dec 04th 2024 ] - Michael Jones

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[ Wed, Dec 04th 2024 ] - Michael Jones

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[ Wed, Dec 04th 2024 ] - Michael Jones

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[ Wed, Dec 04th 2024 ] - Michael Jones

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[ Wed, Dec 04th 2024 ] - Phil Bruner

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[ Wed, Dec 04th 2024 ] - Phil Bruner

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[ Wed, Dec 04th 2024 ] - Phil Bruner

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[ Wed, Dec 04th 2024 ] - Michael Jones

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[ Wed, Dec 04th 2024 ] - Bill Williamson

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[ Wed, Dec 04th 2024 ] - Tim Hastings

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[ Wed, Dec 04th 2024 ] - Phil Bruner

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[ Wed, Dec 04th 2024 ] - Michael Jones

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[ Wed, Dec 04th 2024 ] - Tim Hastings

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[ Wed, Dec 04th 2024 ] - Bill Williamson

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[ Wed, Dec 04th 2024 ] - Phil Bruner

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[ Wed, Dec 04th 2024 ] - Michael Jones

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[ Wed, Dec 04th 2024 ] - Bill Williamson

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[ Wed, Dec 04th 2024 ] - Phil Bruner

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[ Wed, Dec 04th 2024 ] - Bill Williamson

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[ Wed, Dec 04th 2024 ] - Thomas Matters

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[ Wed, Dec 04th 2024 ] - Phil Bruner

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[ Wed, Dec 04th 2024 ] - Tim Hastings

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[ Wed, Dec 04th 2024 ] - Bill Williamson

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[ Wed, Dec 04th 2024 ] - Phil Bruner

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[ Wed, Dec 04th 2024 ] - Bill Williamson

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[ Wed, Dec 04th 2024 ] - Thomas Matters

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[ Wed, Dec 04th 2024 ] - Phil Bruner

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[ Wed, Dec 04th 2024 ] - Bill Williamson

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[ Wed, Dec 04th 2024 ] - Bill Williamson

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[ Wed, Dec 04th 2024 ] - Bill Williamson

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Norway should begin process of divesting Russian assets, central bank says

^{Published on 2024-12-04 04:00:50 - Bill Williamson, WOPRAI}

Norway's government should allow the country's sovereign wealth fund to divest parts of its Russian portfolio when possible, and thus end a general freeze in place since 2022, the Norwegian central bank,

Norway's central bank has recommended that the country begin the process of divesting its Russian assets, as reported by Reuters on December 4, 2024. This recommendation comes in light of the ongoing geopolitical tensions and sanctions against Russia. The central bank's governor, Ida Wolden Bache, stated that while the immediate financial impact might be limited due to the small size of Russian investments in Norway's sovereign wealth fund, the move is symbolic and aligns with international efforts to isolate Russia economically. The process involves selling off assets like stocks, bonds, and real estate, which are part of Norway's Government Pension Fund Global, one of the world's largest sovereign wealth funds. The decision reflects Norway's stance on international law and human rights, aiming to exert pressure on Russia amidst its actions in Ukraine and other geopolitical maneuvers.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/norway-should-begin-process-divesting-russian-assets-central-bank-says-2024-12-04/ ]

N@N

Norway should begin process of divesting Russian assets, central bank says