The Kuwait Investment Authority reveals its funds invested in Russia and Ukraine


She said The Kuwait Investment Authority In a document obtained by Reuters, her money invested in Russia and Ukraine is “negligible” and does not exceed 0.29% of the total investments of the FGRF that she manages.

In a document dated March 22nd and sent to the Minister of Finance in response to a question from Member of Parliament Abdulaziz Al-Saqabi, the authority said that Russian assets in Europe and America are “unattractive at the present time” due to its involvement in organizational and political complications between the owners and their custodial countries.

The authority said that it held 13% of its assets in liquid funds as at the end of 2021, which is higher than the global average for asset managers.

She added that it is certain that the Russian war on Ukraine, like all crises, will create investment opportunities in Russian assets available for sale in Europe and the United States.

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