Statement on the Russia/Ukraine crisis

The Powys Pension Fund, alongside the Wales Pension Partnership (WPP), have committed to disinvest from any Russian held investments as soon as practically possible.   A motion approved by the County Council at its meeting on the 3^rd March also called for this disinvestment.  The Powys Pension Fund has identified its investment exposure to Russia as 0.11% of the Fund, and the Pensions and Investment Committee agreed, at the meeting of the 11th of March, to work with its advisers on how best to disinvest from the Russian-held investments.