MOSCOW, Mar 9 (PRIME) -- Foreign investors could lose up to U.S. $170 billion in the Russian assets due to the geopolitical situation around Ukraine, the Financial Times reported on March 6.
U.S. investment company BlackRock earlier bought the shares of Russian mining company Polymetal for 12 million British pounds, or $15.8 million, and split them between four natural resource funds. The cost of the shares plummeted by 70% since the closure of trade on February 25 as investors are fleeing from the Russian assets, the Financial Times reported.
BlackRock is part of a large group of global investors that owned $170 billion worth of the Russian assets as of the end of 2021, and these funds are facing prospects of disastrous losses, the newspaper reported.
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