Abu Dhabi Wealth Fund Mubadala Pauses Investments in Russia

Mubadala CEO says at conference fund will ‘pause investment’
United Arab Emirates hasn’t applied sanctions against Russia

Khaldoon Al Mubarak
Photographer: Anthony Kwan/Bloomberg

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By Shaji Mathew and Nicolas Parasie

March 28, 2022 at 11:55 AM UTC

Updated on

March 28, 2022 at 1:24 PM UTC

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Abu Dhabi sovereign wealth fund Mubadala Investment Co. will avoid investing in Russia for now, a sign that the war in Ukraine is complicating ties between Moscow and the UAE.

“Obviously, in this environment, we have to pause investment in this market in Russia,” Mubadala Investment Co. Chief Executive Officer Khaldoon Al Mubarak told an investment conference in Dubai. “Pause and wait to see how the situation settles.”