UAE Sovereign Fund Mubadala will suspend investments in Russia due to a special operation in Ukraine, said its CEO Khaldun al-Mubarak, reports Reuters.
“Obviously, under these conditions, we must suspend investment in this market, in Russia,” al-Mubarak said.
In 2013, Mubadala agreed with the Russian Direct Investment Fund to create a joint fund with $2 billion under management. According to the head of the RDIF, Kirill Dmitriev, together they have invested $2.3 billion in more than 50 projects.
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