Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Norway Fund’s Top Russia Holding Include VTB, GAZ Auto

Norway Sovereign Wealth Fund Russian Company Ownership

Norway’s $890 billion sovereign wealth fund, the world’s biggest, has said it’s reassessing its investments in Russia as the European Union considers expanding sanctions against the country.

The fund will make “the necessary adjustments” if its holdings were to be affected by sanctions against Russia that Norway backs, Runar Malkenes, a Finance Ministry spokesman, said this week. Below is a list of the fund’s 20 biggest stakes in Russian companies, ranked by percent of ownership, as of Dec. 31, according to data from the wealth fund’s website.

The fund held about $3.6 billion in stocks and $4 billion in corporate and government bonds in Russia at the end of 2013, its annual report shows.

VTB Bank OJSC                                           4.60%
Cherkizovo Group OJSC                                   3.83%
Armada OAO                                              2.99%
IDGC of South JSC                                       2.97%
GAZ Auto Plant                                          2.77%
Kuzbasskaya Toplivnaya Kompaniya OAO                    2.68%
DIXY Group OJSC                                         2.59%
Orsknefteorgsintez OAO                                  2.52%
Interregional Distribution Grid Co Centre JSC           2.17%
Bank St Petersburg OJSC                                 1.48%
Mostotrest                                              1.35%
Sollers OJSC                                            1.28%
TGK-1 OAO                                               1.22%
LSR Group                                               1.11%
Pharmstandard OJSC                                      0.95%
Bashneft OAO                                            0.94%
Interregional Distribution Network Co North-West OJSC   0.93%
Mechel                                                  0.93%
Aeroflot - Russian Airlines OJSC                        0.88%
PIK Group                                               0.82%

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.