Norway’s Wealth Fund Can Sell Russian Stocks
Norway has given its $1.8 trillion wealth fund permission to sell its Russian stocks. But there is a condition: the sales must follow international sanctions.
This means that if Norway sells its Russian stocks, it must do so in a way that does not break any rules set by other countries. This is important because many countries have placed sanctions on Russia due to its actions.
The permission was given by Deputy Finance Minister Ellen Reitan, who spoke with Reuters news agency.