Article 5WK0M Australia’s Future Fund to divest $200m of holdings in Russian companies

Australia’s Future Fund to divest $200m of holdings in Russian companies

by
Daniel Hurst, Ben Butler and Paul Karp
from World news | The Guardian on (#5WK0M)

NSW government says it will sell holdings of Russian assets, as rouble crashes more than 40% after international sanctions

Australia's Future Fund will wind down its $200m of holdings in Russian companies, joining a wave of divestments as the country is hit with expanding international sanctions for its invasion of Ukraine.

The New South Wales government also says it intends to sell its holdings of Russian assets in its investment funds, while Australian superannuation funds are taking steps to reduce their exposure.

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