(Bloomberg) Abu Dhabi’s Mubadala is pausing its investments in Russia because of the war in Ukraine, Reuters reported, becoming the first Gulf wealth fund to take a public position on the conflict.
DUBAI: Two influential Middle Eastern wealth funds are for now planning to hold on to Russian assets worth billions of dollars, seen as strategic and long-term investments, people familiar with the matter said.
Despite a slump in the Russian market triggered by the ongoing war in Ukraine, Abu Dhabi’s Mubadala Investment Co. and Qatar Investment Authority, or QIA, have decided to hold on to Russian assets worth billions of dollars, Bloomberg reported, quoting people familiar with the matter. Mubadala which has at least $3 billion worth of exposure to Russia is unlikely to unwind its