Photo Credit: NYS Office of Gov. Kathy Hochul / Twitter
New York Governor Kathy Hochul, Dec. 2, 2021

New York City Comptroller Brad Lander has announced he intends to divest the city’s pension system from assets linked to Russian President Vladimir Putin.

“New York City is home to one of the world’s largest populations of Ukrainians, and our hearts are with the people of Ukraine, the many Russians who are bravely protesting this war, and with Ukrainian Americans watching in horror from our shores,” Lander said in a statement posted to Twitter.


The New York City pension system is comprised of five distinct pension plans, with governance of each plan comprised of both labor and NYC elected official representatives. All decisions, including potential divestment of Russian assets, are made separately by each of the five pension plan boards.

“The White House is beginning the process of identifying the assets of sanctioned individuals and companies that support and enable Putin’s actions,” Lander said.

“Following an analysis of the funds’ holdings against that list and legal review, I plan to bring specific assets to the trustees of the five boards of the New York City Retirement Systems to consider for divestment,” he said.

On Sunday, Governor Kathy Hochul signed an executive order to impose sanctions against Russia, announcing that New York will divest state money from Russia-linked businesses until the federal government lifts its sanctions.

The executive order directs the State Comptroller to review state investments and purchases, and to immediately divest from those related to companies headquartered in Russia or Russia state-sponsored entities.


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Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for, and other media outlets, in addition to her years working in broadcast journalism.