Doha: Qatar is not thinking about increasing its investments in Russia until there is a better environment and more political stability, Deputy Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman Al-Thani told CNN’s Becky Anderson in an interview on the sidelines of the Doha Forum.
The Foreign Minister said that investment in Russia is currently “under a lot of review”.
“Right now with the current situation we are not thinking about any new investments there. Even in Europe, until we have some clarity on the stability of the situation … Well, not entire Europe, but the areas where we are feeling that there are some tensions or we might have any political risk, because we have to look at it from all the dimensions,” the Foreign Minister told CNN in the interview.
Regarding the existing investment by the Qatar Investment Authority (QIA) in the Russian oil company Rosneft, he said that was a decision made based on “commercial assessment and is still ongoing,” however, will not increase for the time being.
