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. Last Updated: 07/27/2016

Norway Warns on Telenor Dispute

Norway's foreign minister said Wednesday that the outcome of a dispute between Norwegian and Russian telecoms investors would influence the general investment climate in Russia.

Jonas Gahr Stoere said in an interview that Norwegian investment in the Shtokman gas project in the Russian Arctic would not be directly linked to the dispute between Telenor and Alfa Group for control of VimpelCom.

"There is no direct link, but as I said for any foreign investor [StatoilHydro] will observe the fate of foreign investors in Russia in general," Stoere said, a day after holding talks with Foreign Minister Sergei Lavrov, including on the Telenor-Alfa dispute.

"Of course, you operate in an environment, and episodes like this matter to the way you interpret that environment," Stoere said, referring to the ongoing telecoms legal battle.

(Reuters, MT)