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Ethics Controversy Over Foreign Minister’s Stocks

Published fredag 3 november 2006 kl 10.16
Carl Bildt

Carl Bildt, recently named foreign minister in Sweden’s center-right government, continues to find himself at the center of an ethics controversy over his shareholdings in a Russian gas giant and Sudan oil projects.

A former prime minister, Bildt has shares worth some US$ 2.86 million dollars in some 30 companies, including some which observers say are unethical, in particular Vostok Nafta which is closely tied to Gazprom of Russia and Lundin Petroleum which is present in Sudan.

The foreign minister finally announced last week that he had sold his shares in Vostok Nafta and would sell his stock options in the controversial company in December.

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