Russia and the CIS (bbabo.net) - Against the backdrop of tightening Western sanctions against Moscow, some foreign funds are suspending investments in Russia, among them was the Emirati Mubadala.

Until recently, this sovereign wealth fund ranked first in the Middle East region in terms of investment in the Russian economy. Now the company's management has decided to take a break.

Khaldoon Khalifa Al Mubarak, managing director of the Mubadala group, issued an emotional statement, noting that the company's decision was dictated by the crisis in relations between Moscow and Kyiv, which, according to him, is a "mockery with disastrous consequences" for the global economy.

The head of Mubadala added that investments in the Russian Federation did not exceed one percent of the fund's portfolio, which implemented projects in our country in the field of infrastructure, real estate, banking, technology, etc.

bbabo.Net