Florida pension fund loses $200M in Russian invest
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Posted On: 05/06/2022 11:29:45 PM
Florida pension fund loses $200M in Russian investments, state rep. says
But, but, whatabout Mickey Mouse humping Goofy?
https://www.wfla.com/news/politics/florida-pe...-rep-says/
TAMPA, Fla. (WFLA) — In the intervening months since Russia invaded Ukraine, oil prices have risen, inflation has increased, and the state of Florida has reportedly lost millions due to investment in Russia. Even before the losses, Florida Democrats had urged the state to divest itself from the money it’s invested in Russian companies.
Now, Democrat Andrew Learned (D-Brandon) says the state’s pension fund has lost $200 million from its investments in Russia, following sanctions on the country due to the war. The state reportedly has $300 million invested in Russia-based companies.
“Florida’s Retirement System LOST over $200m in our Russian Investments after refusing to divest our holdings when I called for it over two months ago,” Learned tweeted. “Turns out, backing Putin and his war crimes in Ukraine wasn’t just bad for freedom, it was a bad investment too.”
Shortly after the invasion of Ukraine on Feb. 24, Florida Agriculture Commissioner Nikki Fried and other state lawmakers requested that Gov. Ron DeSantis formally end the state’s involvement with Russian businesses through the state’s pension fund.
https://www.democraticunderground.com/100216668901
7. please someone ..run some ads... "while Desantis was picking a fight with Disney, FL goes to hell
But, but, whatabout Mickey Mouse humping Goofy?
https://www.wfla.com/news/politics/florida-pe...-rep-says/
TAMPA, Fla. (WFLA) — In the intervening months since Russia invaded Ukraine, oil prices have risen, inflation has increased, and the state of Florida has reportedly lost millions due to investment in Russia. Even before the losses, Florida Democrats had urged the state to divest itself from the money it’s invested in Russian companies.
Now, Democrat Andrew Learned (D-Brandon) says the state’s pension fund has lost $200 million from its investments in Russia, following sanctions on the country due to the war. The state reportedly has $300 million invested in Russia-based companies.
“Florida’s Retirement System LOST over $200m in our Russian Investments after refusing to divest our holdings when I called for it over two months ago,” Learned tweeted. “Turns out, backing Putin and his war crimes in Ukraine wasn’t just bad for freedom, it was a bad investment too.”
Shortly after the invasion of Ukraine on Feb. 24, Florida Agriculture Commissioner Nikki Fried and other state lawmakers requested that Gov. Ron DeSantis formally end the state’s involvement with Russian businesses through the state’s pension fund.
https://www.democraticunderground.com/100216668901
7. please someone ..run some ads... "while Desantis was picking a fight with Disney, FL goes to hell
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