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Btw was just announced that the fund (Oljefondet as it's known as here) will work on withdrawing all investments in Russia.
by matsemann 5y ago
Btw was just announced that the fund (Oljefondet as it's known as here) will work on withdrawing all investments in Russia.
- croes 5y agoDo they have any investments in Saudi Arabia?
- tordrt 5y agoI don't know if they completely sold all their investments in Saudi Arabia, but they sold down drastically a couple of years ago.
- thatwasunusual 5y agoYou can find an overview over the fund's investments here: https://www.nbim.no/en/the-fund/investments/#/ https://www.nbim.no/en/the-fund/investments/#/
- bruce511 5y agoI know it's topical at the moment, and hey its good PR to take a stand, but frankly it's a tad inconsistent. So their argument is that a nuclear super power invaded a country with little to no provocation, so hey let's make a point and disinvest. So far so good. Definitely a good position to take, and one I agree with. Then again Iraqis are wondering why they are still invested in Apple, a US company...
- Jonanin 5y agoEveryone criticizing the war in the middle east always seems to casually forget that terrorists from this region hijacked airplanes and destroyed the two tallest buildings in the US with them, killing thousands. Did Ukraine do anything like that to Russia?
- rndgermandude 5y ago> that terrorists from this region I'm not trying to argue that Saddam Hussein was a nice man... But that's a stretch to still attempt to justify the US invasion of Iraq with 9/11. That's like saying the US should attack Germany because some the 9/11 hijackers lived here and studied here. And France, because "it's in the region". Or bombing Canada because Mexican narco criminals repeatedly murdered US citizens and Canada happens to be in the region (and supports narco terrorism by buying some of the drugs). Most of the 9/11 attackers were Saudi nationals, none were Iraqi. The "mastermind", according to US intelligence, was bin Laden, a Saudi national (who was technically stateless after his citizenship was stripped by the Saudis long before 9/11), who resided in Afghanistan and Pakistan (and Sudan and Saudi Arabia before that). The US Senate investigation found that Saddam Hussein and the Iraqi nation had no role in 9/11.
- dghlsakjg 5y agoRemind me again which of the attackers was Iraqi?
- aahortwwy 5y agohttps://en.wikipedia.org/wiki/Hijackers_in_the_September_11_attacks#Hijackers https://en.wikipedia.org/wiki/Hijackers_in_the_September_11_... https://en.wikipedia.org/wiki/Saudi_Arabia%E2%80%93United_States_relations#September_11,_2001._attacks_on_U.S https://en.wikipedia.org/wiki/Saudi_Arabia%E2%80%93United_St....
- 3np 5y agoThe only connection between 9/11 and the invasion/occupation was made in the media. Iraq had nothing to do with the 9/11 attacks and US leadership was aware of that at the time.
- rmbyrro 5y agoWas asking the same thing. Why some people think the US is entitled to do such things while criticize anyone else who does the same thing?
- stirlo 5y agoI’m certainly not a US supporter but their intention wasn’t to annex Iraqi territory.
- nicoburns 5y agoIt's not entirely clear that that's Putin's intention either. It may well be to install a friendly pro-russian government. In which case the US in Iraq starts to look not-so-different. I don't think either is remotely justifiable.
- Jonanin 5y agoNo, it is clear that that’s Putin’s intention. What on earth are you talking about?
- nicoburns 5y agoI’ve heard a lot of people suggesting that Putin won’t try to occupy Ukraine, but instead turn it into a satellite state ala Belarus. Is that any better? Probably not. But I’m not convinced what the US and UK have done in Iraq is any better either.
- ComradePhil 5y agoThat's what the US war machine wants peasants to believe (or maybe those dumbasses actually believe it themselves, I wouldn't bet against it). Russia may take the Russian-speaking parts and annex it... but they are run by very smart people, so they are not going to try to annex a territory which has a large population of native-Ukrainian speakers brainwashed against them... which could lead to long never-ending civil war. Not to mention, Ukraine is literally the poorest country in Europe (gdp/capita), so if they annex it, it will be more of a libility than anything even if they could guarantee some form of peace. They'll try to recreate what they have in Belarus in Ukraine i.e. get rid of the puppet America has installed and install their own.
- tordrt 5y agoWhat about it is inconsistent?
- s1artibartfast 5y agoThe inconsistencies is that the US has invaded and toppled far more governments than Russia has
- oblio 5y agoNot in Europe, and Norway is European, at the end of the day.
- ComradePhil 5y ago> Not in Europe They toppled what they had to during WW II and have had the occupying army there to this day making sure that they don't have to topple anything for the forseeable future.
- oblio 5y ago
- s1artibartfast 5y agoYeah only Bosnia and Yugoslavia in Europe since WWII
- bruce511 5y agoHang on, so a moral stance has a geographical limit? Picking on states "far away" is acceptable, neighbors is not? So US invading Canada is unacceptable but Iraq is OK? Or Canada is also OK because its not part of Europe?
- oblio 5y agoYes, cultural and geographical proximity matters. We're not robots.
- nine_k 5y agoThis is going to be hard now. I hope they've started doing that, say, a couple of weeks ago. If so, they could have a good chance to liquidate most of their positions and transfer the funds.
- yalogin 5y agoI don’t get how this works. If the fund invested in Russian assets they are probably down a lot in value now. If they liquidate them will Russia allow that money to even leave the country? If these assets are outside Russia I guess it’s straightforward but still they probably lost either a large percentage or the full amount of their Russian investment
- paxys 5y agoThe only thing changing is the ownership of the underlying asset (shares in Russian companies). There is no money going in or out of Russia.
- hn_throwaway_99 5y agoHuh??? If the Norwegian fund is selling it's equity stakes in Russian companies, it's going to expect something in return, and that something is usually money, which the Norwegians have no plans to leave in Russia, as getting out of Russian assets is the whole reason for the divestiture in the first place.
- paxys 5y agoThe fund can sell its stake to anyone and accept payment in any currency from any bank in the world. The money doesn't have to come from inside Russia.
- dehrmann 5y agoDoes that literally translate to oil fund?
- jjtheblunt 5y agoolje = oil fond = fund -et is the definite article "the", which in Scandinavian can be appended thus "the oil fund"
- dehrmann 5y agoGuess that makes the slightly different Olfondet "the beer fund?"
- jjtheblunt 5y agoi think someone stole your umlaut!
- dehrmann 5y ago> -et is the definite article "the", which in Scandinavian can be appended Ohh, I've seen this a lot. Huset, systembolaget, etc. That makes sense.
- jjtheblunt 5y ago-en and -et for genders ... it's quite neat. confer hjaelm (helmet) with helmet in english, and you can see it seems to still show through in modern English, in random spots of course.
- qw 5y agoMost people call it that, but the fund’s formal name is the Government Pension Fund Global