DOHA (Reuters) – The Qatar Investment Authority cannot exit the Russian market and is waiting to assess its position there because of the Ukraine crisis, the sovereign wealth fund’s chief investment officer for Europe, Russia and Turkey said Tuesday.
“We can’t do much in Russia … We have to really assess where to stand on those opportunities there. I think it is a very difficult position for us, being an investor with one name,” said Ahmed Ali Al-Hammadi.
QIA owns a 19% stake in Russian state-backed oil giant Rosneft, which Al-Hammadi said is the fund’s only holding “of significance” in Russia.
(This story corrects to give official’s full name and corrects spelling to Al-Hammadi (not Al-Hammami))
(Reporting and writing by Andrew Mills in Doha, Editing by Louise Heavens)