Norway lifts ban on Syrian bonds for sovereign wealth fund
Norway has removed Syria from its wealth fund exclusion list while adding Iran to the restricted list. The move follows the ousting of Bashar al-Assad in 2024.
Norway is lifting its ban on the $2.2 trillion sovereign wealth fund investing in government bonds from Syria, according to internal government documents. This policy shift follows the ousting of former president Bashar al-Assad and signals a potential return for the Middle Eastern nation to the global financial stage under the leadership of President Ahmed al-Sharaa.
In a simultaneous move, the Nordic nation is planning to forbid the fund from investing in government bonds from Iran. While this step is largely symbolic due to existing international sanctions, it marks a significant change in the investment guidelines for the world's largest sovereign wealth fund.
