DeSantis Won’t Divest $300M In Russian Investments

The Orlando Sentinel reports:

A $300 million slice of Florida’s nearly $200 billion public pension portfolio is invested in Russian companies, even as the pariah nation faces mounting accusations of genocide and other war crimes in Ukraine.

Democrats want Florida to divest that tiny part of the fund, arguing the state’s leaders should act swiftly to dump Russian investments. Florida’s holdings include Russian oil producers, mining companies and the country’s largest bank, according to a review from late January.

In December, DeSantis and other Republican leaders ordered an audit of the state’s investments in China that could lead to divestment. In a news release, DeSantis said the “Communist Party of China is not a vehicle that we want to be entangled with.”

Read the full article.

A $300M slice of #Florida’s nearly $200B public pension portfolio is invested in Russian companies, including oil producers, mining companies and the country’s largest bank. @GovRonDeSantis doesn’t want to divest. https://t.co/f81rQEj63E via @SkylerSwisher

— Craig Pittman (@craigtimes) April 5, 2022

#Broward Commissioners pass resolution asking for a boycott of companies doing business in Russia and ask State of Florida to divest any investments in Russia. Also resolution calling, in part, for a Russian withdrawal from Ukraine. pic.twitter.com/PiiprE18yF

— Broward County Commission (@browardinfo) April 5, 2022

If your state pension fund is still invested in Russia, you’re invested in war crimes, the murder of civilians, and genocide.

— Rick Wilson (@TheRickWilson) April 5, 2022

Gov. Ron DeSantis refuses to divest Florida’s $300 million in investments linked to Russia, including the state’s retirement system, despite calls from both Republicans and Democrats to do so.https://t.co/omLlWVKoLE

— Travis Akers (@travisakers) March 29, 2022