| The Government’s Pension Fund Global, currently worth over 7.000 billion Norwegian kroner (€796 billion), have invested 32.095 million kroner in Russia, mainly in oil- and gas and the banking sector. That is also the two sectors, in addition to the military industrial complex, that are highlighted in the EU and US sanctions regime against Moscow.
The Norwegian regulations on restrictive measures imposed from August 15th, 2014, lists five Russian banks, including the two in which the Norwegian fund owns shares; VTB Bank and Sberbank. In Sberbank, the fund also holds bond investments worth nearly 90 million kroner. That investment was made last year...............................................Full Article: Source
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