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abrdn CEO says has been cutting Russia, Belarus positions

© Reuters. Businessman toy figure is placed on U.K. Pound coins in front of displayed Abrdn logo in this illustration taken, November 8, 2021. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters) – British asset manager abrdn has around two billion pounds ($2.68 billion) of client money invested in Russia and Belarus and has been cutting its positions, chief executive Stephen Bird said on Tuesday.

“We have acted to reduce our holdings in Russia and Belarus,” Bird told a media call.

“We will not invest in Russia and Belarus for the foreseable future.”

($1 = 0.7452 pounds)

Abrdn CEO says has been cutting Russia, Belarus positions

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