Strangely quiet about this one:
Abu Dhabi’s sovereign wealth fund Mubadala Investment Company (Mubadala) has said it will pause investments in Russia.
Mubadala’s CEO Khaldoon Khalifa al-Mubarak confrimed at an investor conference in Dubai that the company will halt Russian investments in the wake of the Ukraine crisis.
“What is happening in this crisis between Russia and Ukraine is a travesty, with catastrophic consequences, in terms of human life and in terms of the impact it’s having on economies all over the world,” al-Mubarak said. “Obviously, in this environment, we have to pause investment in this market, in Russia.”
By announcing its decision to suspend investments in Russia, Mubadala has become the first sovereign institution in the Gulf to turn away from Moscow in response to its military aggression against Ukraine.