The state’s employee retirement system is scrapping all assets tied to Russia, and Missouri businesses are being asked to cut ties with Russian governmental entities and businesses.
Board members of Missouri State Employee’s Retirement System (MOSERS) met for an emergency meeting Thursday afternoon to decide if the state should strip all Russian assets from the system and as of last week was worth $13 million.
The board unanimously voted to remove all Russian holdings and not invest directly in future holdings issued by Russia.
During a morning briefing with the Missouri Press Association, Treasurer Scott Fitzpatrick said the state does not need to be investing in Russia or Vladimir Putin at this time. This article is originally from and can be read in full on ozarksfirst.com.
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