CT Divesting Russian Assets From State Pension Funds

CONNECTICUT — Connecticut State Treasurer Shawn Wooden announced that the state will divest all its pension funds of Russian-owned assets. The move comes after Russia invaded Ukraine.

Connecticut's pension funds contain about $218 million worth of Russian investments, Wooden said. The state pension funds are valued at over $47 billion.

The state's pension funds have invested less in Russian companies and sovereign debt since 2014.

“Eliminating our holdings of Russian assets is not only a moral imperative, but the current crisis also constitutes a substantial risk for Connecticut’s investments, our national policy and economic security,” Wooden said in a statement.