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Qatar Investment Authority cannot exit Russian market -Breaking

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© Reuters. FILE PHOTO: A basic view reveals oil therapy services at Vankorskoye oil area owned by Rosneft north of Krasnoyarsk, Russia, March 25, 2015.

DOHA (Reuters) – The Qatar Funding Authority can not exit the Russian market and is ready to evaluate its place there due to the Ukraine disaster, the sovereign wealth fund’s chief funding officer for Europe, Russia and Turkey mentioned Tuesday.

“We will not do a lot in Russia…We’ve to essentially assess the place to face on these alternatives there. I feel it’s a very troublesome place for us, being an investor with one identify.”

QIA owns a 19% stake in Russian state-backed oil large Rosneft, which Al-Hammami mentioned is the fund’s solely holding “of significance” in Russia.

(Reporting and writing by Andrew Mills in Doha, Modifying by Louise Heavens)

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