As other investors leave Russia, Alaska has no plans to sell its $210 million in assets.
State law and policy requires the Alaska Permanent Fund Corp. to make decisions based only on financial gain or loss. Corporation board chairman Craig Richards said divesting from Russia for political reasons would likely require an act of the Alaska Legislature, an executive order from Gov. Mike Dunleavy, or a regulatory change by the Alaska Department of Revenue.
“So I think the board looks for direction on these types of issues to those that are policymakers,” he said. Legislators in several states, including Georgia and Pennsylvania, introduced divestment legislation on Monday, according to the Associated Press. The governors of Washington, Colorado and New York issued executive orders requiring divestment.
Senate Minority Leader Tom Begich, D-Anchorage, said he believes the state is required to divest, based on the language ofGiven the threats of Russian President Vladimir PutinDunleavy announced no action on Monday, and an official said none was planned.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alaska News Nightly: Monday, February 28, 2022 - Alaska Public MediaTonight on Alaska News Nightly: Alaska senators say boosting local industries could help push back against Russia. Also, opponents to the Ambler Road raise concerns as the state seeks public comment. Listen here:
Read more »
Russia-Ukraine live updates: Putin puts nuclear forces on high alert; Ukraine announces talks with RussiaUkrainians held Kyiv and Kharkiv as Putin's invasion intensified, and President Volodymyr Zelensky accused Russia of attacking civilians.
Read more »
Russia-Ukraine live updates: EU announces strict actions against RussiaA massive blaze engulfed an oil depot in a small town near Kyiv, Ukraine, amid the ongoing Russian invasion of the country.
Read more »
Russia-Ukraine live updates: Ukraine, Russia at Belarus border for talksLATEST: As Ukrainian and Russian delegations meet for talks, an immediate ceasefire and a “neutral status” are the key items to be discussed, officials say.
Read more »
Russia, Ukraine meet for talks; Russia shells Ukraine's second-largest city: LIVE UPDATESBelarus may join the Russian invasion of Ukraine, which entered its fifth day on Monday. Fighting in the streets has engulfed Ukraine's second-largest city, Kharkiv, and Russian troops are encircling Ukraine's capital city, Kyiv.
Read more »
Expecting an influx of oil money, Alaska lawmakers say they’re interested in saving for laterThe House Finance Committee is planning to debut a state budget proposal this week.
Read more »