New York City’s Police Pension fund will divest its securities investments issued by Russian companies, following a slew of state and federal sanctions boycotting Vladimir Putin’s military invasion of Ukraine.
The fund’s trustees – which include Mayor Eric Adams, city Comptroller Brad Lander and NYPD Commissioner Keechant Sewell – voted Tuesday directing the comptroller to divest $42.2 million following a review of its public equity and fixed income investments in Russian businesses.
Trustees wrote in the resolution passed that they’re “concerned over the Russian federation’s unprovoked invasion of the sovereign nation of Ukraine.”
“The United States government has identified the financial institutions that finance the Putin regime,
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