Norway Wealth Fund Reveals Gazprom, Sberbank Among Frozen Russian Assets
Photographer: Oliver Bunic/Bloomberg
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The frozen Russian assets at Norway’s $1.3 trillion sovereign wealth fund are likely to include stakes in Gazprom PJSC, Sberbank of Russia PJSC and Lukoil PJSC, according to a disclosure of its holdings as of year end.
The wealth fund’s biggest Russian holding at the end of 2021 was Gazprom, worth about $932 million at the time, equal to 0.86% of the company, according to documents posted on its website on Wednesday. The fund was invested in 51 Russian companies at the end of December.