https://sputnikglobe.com/20220814/saudi-prince-invested-over-500mln-in-russias-energy-giants-in-spring-of-2022-1099589376.html
Saudi Prince Invested Over $500Mln in Russia's Energy Giants in Spring of 2022
Saudi Prince Invested Over $500Mln in Russia's Energy Giants in Spring of 2022
Sputnik International
MOSCOW(Sputnik) - Saudi Arabian Prince Al Waleed bin Talal Al Saud's Kingdom Holding Company invested over $500 million in depository receipts of Russia's... 14.08.2022, Sputnik International
2022-08-14T20:19+0000
2022-08-14T20:19+0000
2022-08-14T20:19+0000
russia
saudi arabia
gazprom
saudi arabian sovereign wealth fund
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As follows from the company's tweet, in February, it invested 1.37 billion Saudi riyals ($365 million) in Gazprom's American depository receipts and around 196 million riyals in Rosneft's global receipts. The Kingdom Holding Company also invested roughly 410 million riyals in American depository receipts of Lukoil from February to March.The investments were made amid the beginning of Russia's military operation in Ukraine on February 24 and Western condemnation followed by the introduction of sanctions against Moscow. Riyadh has repeatedly announced its intention to continue its partnership with Moscow in the OPEC+ format despite Western pressure and EU plans to ban Russian oil.
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saudi arabia, gazprom, saudi arabian sovereign wealth fund
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Saudi Prince Invested Over $500Mln in Russia's Energy Giants in Spring of 2022
MOSCOW(Sputnik) - Saudi Arabian Prince Al Waleed bin Talal Al Saud's Kingdom Holding Company invested over $500 million in depository receipts of Russia's energy giants, including Gazprom, Rosneft and Lukoil, in the spring of 2022, according to information released by the firm on Sunday.
As follows from the company's tweet, in February, it invested 1.37 billion Saudi riyals ($365 million) in Gazprom's American depository receipts and around 196 million riyals in Rosneft's global receipts. The Kingdom Holding Company also invested roughly 410 million riyals in American depository receipts of Lukoil from February to March.
The investments were made amid the beginning of Russia's military operation in Ukraine on February 24 and Western condemnation followed by the introduction of sanctions against Moscow. Riyadh has repeatedly announced its intention to continue its partnership with Moscow in the OPEC+ format despite Western pressure and EU plans to ban Russian oil.
