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I 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 mone
by yalogin 5y ago
I 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.