Yesterday, Tuesday, Nikolai Tangen, CEO of Norway's sovereign wealth fund, announced that the fund is currently unable to sell its portfolio of Russian shares because the market for such assets is not working, and many companies are on sanctions lists. International.

According to Arab Net, the fund's holdings of Russian shares amounted to about 27 billion Norwegian crowns ($2.86 billion) at the end of 2021, or 0.2% of its total value, but he has since said that the value of those assets It fell by at least 90%.


The fund was the largest in the world, which achieved a return of about 177 billion dollars in 2021, with a return rate of 14.5%, which represents the second largest annual return in the history of the fund.

The fund said that the total market value of its assets amounted to about 12.34 trillion crowns ($1.38 trillion).

The technology sector recorded the highest share of revenues with 435 billion crowns ($48.55 billion), followed by the financial sector.