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Kuwait said it may shift some of its foreign assets.

May 14, 1986

The Middle Eastern country served notice on Western financial markets that it is reviewing the spread of its huge foreign assets and may shift funds to Communist countries and the Third World. Finance Minister Jassim Khorafi, citing both political and economic factors for the move, listed China, the Soviet Union, India, Turkey and South Korea as likely investment targets for Kuwait, one of the richest Arab oil states.

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