The Russian invasion of Ukraine is spurring Pennsylvania lawmakers to draft legislation to require the state Treasury Department and the state’s three public pension funds to divest holdings connected to Russia.
Meanwhile, the state Treasury Department said it began divesting its holdings in all “Russian-based companies” last week. It described the holdings as “minimal” and expected to finish the process by Monday’s end.
“We have a moral obligation to ensure that our public fund investments are not inadvertently supporting those who are engaging in an unprovoked invasion of their democratically elected neighbors,” Benninghoff said in a note to House members.In a memo to fellow senators, Street said the “aggressive and illegal invasion of Ukraine demands action.”
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