Anyone Selling Russian Assets Faces Few Options, Big Losses
- Norway’s wealth fund, BP among investors in Russian retreat
- Taking a major writedown may be one possible fallout
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Investors seeking to offload holdings in Russian assets will find that the actual unwinding will be a complex and potentially expensive endeavor.
A growing number of institutions are rethinking their portfolios in the wake of Russia’s invasion of Ukraine. Norway said it’s removing Russian assets from its $1.3 trillion wealth fund, while U.K. oil giant BP Plc is looking to offload its stake in Rosneft PJSC.