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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Abu Dhabi Sovereign Fund Pausing Russia Investments, CEO Says

Russia Abu Dhabi Mubadala Ukraine Mubadala Investment Company Moscow
Mubadala Investment Company is pausing investments in Russia. (WAM)

Abu Dhabi's Mubadala Investment Company is pausing investments in Russia, which represent less than 1% of its portfolio, because of the Ukraine crisis, the chief executive of the $243 billion sovereign wealth fund said on Monday.

This is the first comment by the top executive of Mubadala, Abu Dhabi's second biggest sovereign fund, about its Russian investments after Russia's invasion of Ukraine, which Moscow calls a "special military operation".

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