Texas to Study Russian Divestment

What is happening? The Texas House Committee on Pensions, Investments and Financial Institutions will study “..the impact of investments by public retirement systems of their endowment and other trust funds in businesses and funds owned or controlled by the Russian government or Russian nationals, and determine the need for investment restrictions. Consider the impact of any proposed investment restrictions on fund performance.”

Why is this important? The number of corporations, financial institutions and more that are moving its goods, services and funds out of Russia keeps increasing as the Ukrainian crisis continues.

How will this be important? Divestment from Russian interests and the effectiveness thereof will test the power of divestment.