R.I. to dump Russian pension investments in response to Ukraine invasion

Brian Amaral | The Boston Globe >>

PROVIDENCE — Rhode Island General Treasurer Seth Magaziner said Monday his office is aiming to liquidate all of the state pension fund’s investments in Russian stocks and bonds in response to President Vladimir Putin’s decision to invade Ukraine.

“We do not want the state of Rhode Island to be funding or supporting Putin’s illegal war in any respect, and we want to make a strong statement that we stand with Ukraine,” Magaziner said in an interview.

“In Rhode Island, we believe in democracy and in peace, and we cannot stand for what Putin is doing in Ukraine,” said Magaziner, a Democrat who’s also running for Rhode Island’s second congressional district.

About 0.3 percent of the state’s pension plan is tied up in Russia, Magaziner said, roughly $20 million to $30 million.

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