We are deeply saddened by the situation in Ukraine and our thoughts are with the Ukrainian people.
Our total exposure to Russian Investments is minimal at less than 1%. Even so, in light of the terrible events we have witnessed and the economic sanctions imposed internationally, as a collective we have decided to divest from these holdings as soon as is practically possible.
Given the circumstances we do not believe that engagement with these companies presents a viable option.
Cllr Clive Lloyd
For and behalf of the Wales Pension Partnership and the LGPS in Wales