Australian State Poised to Dump $75M of Russian Assets

Australian State Poised to Dump $75M of Russian Assets
Ukrainian servicemen protect the checkpoint in Kyiv, Ukraine, on Feb. 25, 2022. Anastasia Vlasova/Getty Images
|Updated:

The Australian state of New South Wales (NSW) will divest all of its Russian assets in its investment funds, in a protest against President Vladimir Putin’s invasion of Ukraine.

The move will see at least $75 million of Russian assets acquired by the NSW Generations Fund sold.