New York City Comptroller Brad Lander on Sunday said he plans to specify Russian assets for city pension boards to 'consider for divestment' in response to Russia's invasion of Ukraine.
New York City Comptroller Brad Lander speaks during a "Defend Democracy" rally, taking place on the first anniversary of the January 6, 2021 attack on the U.S. Capitol, in Brooklyn, New York, U.S., January 6, 2022. REUTERS/Brendan McDermidBOSTON, Feb 27 - New York City Comptroller Brad Lander on Sunday said he plans to specify Russian assets for city pension boards to "consider for divestment" in response to Russia's invasion of Ukraine.
In a statement emailed by a spokesperson, Lander said he will specify the assets after reviews, and said final decisions on asset sales are made by the five boards that oversee city pension assets.Register now for FREE unlimited access to Reuters.com"Russia's aggression in Ukraine merits the swift global action" now beginning to cut off Russian President Vladimir Putin and his supporters from the global financial system, Lander said in the statement.
"We are watching developments in Ukraine with great concern and following responses by fellow institutional investors closely," he said. The comments follow sharper steps by some European companies and investors to move away from Russia in the wake of Putin's war on Ukraine. Norway's $1.3 trillion sovereign wealth fund, the world's largest, will sell its Russian assets, the Norwegian prime minister said on Sunday.
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