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Nordea offloads Belarusian government bonds after taking criticism

The Nordic financial group, which previously defended its investment in Belarusian sovereign debt, is now opting to divest its holdings.

Belarussian President Aleksandr Lukasjenko – also known as Europe's las dictator. | Photo: Tut.by/Reuters/Ritzau Scanpix

Following debate on the defensibility of investing in state bonds issued by a country with an oppressive regime such as Belarus, Nordea is now starting to sell off its holdings of the nation's sovereign debt worth an aggregated sum of DKK 186m (EUR 25m), reports Danish daily Berlingske.

The debate emanates from Belarusian President Aleksandr Lukasjenko being strongly criticized for having perpetrated systematic violence and electoral fraud.

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