Norway says oil fund reluctant to blacklist states

Norway's $400 billion sovereign wealth fund is unlikely to rule out investing in countries that abuse human rights unless such sanctions are adopted as foreign policy, the Norwegian finance minister said on Wednesday. So far the Norwegian government and its wealth fund have banned investments in Myanmar, which is subject to extensive international sanctions.
Finance Minister Kristin Halvorsen said that further bans on entire countries were unlikely though she was open to discuss the matter in an ongoing review of the fund's ethical guidelines.