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Statement from the Wales Pension Partnership and the LGPS in Wales

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