The Big Apple’s massive $88 billion pension fund for municipal employees is dumping its Russian assets as the backlash against the Kremlin’s invasion of neighboring Ukraine …
The Big Apple’s massive $88 billion pension fund for municipal employees is dumping its Russian assets as the backlash against the Kremlin’s invasion of neighboring Ukraine continues to grow. The move by the NYC Employees’ Retirement System, announced Thursday, will affect assets that were valued at $31 million on Feb.25 — before the United States, United Kingdom and European Union imposed crippling sanctions on Russia’s major financial institutions and the country’s central bank.
