The Russian Direct Investment Fund (RDIF)—Russia’s sovereign wealth fund—will not make a huge investment in the listing of Saudi Aramco, although some Russian funds believe that the Saudi oil giant is an attractive investment, Kirill Dmitriev, chief executive at the RDIF, told Reuters on Wednesday. “Definitely Russia will not be making a huge investment in Aramco because already it is quite exposed to oil,” Dmitriev said in an interview with Reuters in Riyadh. However, Dmitriev noted, many Russian pension funds find Saudi Aramco’s listing a very interesting opportunity. “There’s definite interest from a number of Russian pension funds, a number of Russian investment funds and investment banks,” the head of the Russian sovereign wealth fund told Reuters. Separately, the world’s biggest sovereign wealth fund—Norway’s US$1 trillion Government Pension Fund Global—doesn’t plan to invest in Aramco at all because Saudi Arabia is not part of its reference index, the fund’s […]