PensionsEurope has condemned Russia’s invasion of Ukraine and has called for the European Union to implement effective sanctions.
The association, which represents 25 member associations, including 18 EU member states and four other European countries, has issued a statement on the invasion.
“PensionsEurope condemns in the most severe terms the unlawful aggression of Russia against Ukraine and the people of Ukraine. It is imperative that the economic sanctions against Russia are effectively implemented.
“Many pension funds have already decided to divest from Russia. We call upon our members and all pension funds in Europe to contribute to their best that economic sanctions of the European Union against Russia are effectively implemented, and pension fund investments will not enable Russia to continue its invasion of Ukraine.”
Many pension funds across Europe have already publicly issued statements on the invasion and have decided to exclude and divest from Russian assets. This includes Norway’s Government Pension Fund Global, the Swedish Pensions Agency, the Netherlands ABP and Denmark’s AkademikerPension to name a few.
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