The Finnish parliament will no longer carry Pepsi products as the American soft drink giant continues to support the Russian economy by continuing its operations in the aggressor country, Finnish news outlet Yle reported on Sept. 5, citing the manager of the parliament’s restaurant.
The value of their investments is lower because they’ve been pulling out of Russia. The article you sent says they’ve slashed the value down by 90%, and they’re still going. Liquidating hundreds of millions in stocks while getting a decent value out of them takes time, and so far they’ve done a pretty good job selling off 90% of their Russian holdings with just a few more millions to go
Let’s break down that January 31, 2023 article once more:
1: The investments in Moscow listed equities dropped from $2.7 billion to a mere $300 million.
It would be laughably naive to think this is purely because they’ve been ‘pulling out’ of Russia. By all means, review the article and let me know if it states the exact reason for the decrease in value.
2: By December 31, 2022, Norway still had shares in 51 Russian companies.
It’s September 2023. If they were aggressively pulling out, wouldn’t they have zero investments by now?
Nice try.