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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Azerbaijani State Oil Fund plans to invest in VIP real estate in Moscow

Posted on 22 November 2012

The Azerbaijani State Oil Fund (SOFAZ) plans to buy property in the center of Moscow, Russian Trade Representative in Azerbaijan Yuri Shchedrin said. “SOFAZ plans to buy VIP-estate in Moscow to implement business activity,” Shchedrin said.
He said that SOFAZ’s recent decision on asset placement in rubles in the Russian financial market testifies to the trusting relations between the parties. He added that SOFAZ will place around $500 million in the Russian financial market in the near future………………………………………..Full Article: Source


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