Staffordshire LGPS officers have instructed their investment managers to refrain from further investment in Russia and Belarus as a result of their involvement in the military attacks upon Ukraine.

We are advised that current holdings are less than 0.1% of the total fund value at the present time of 6.8 billion pounds.

The Russian Stock Market has been closed to foreign investors since 1/3/22 thus likely reducing the value of current investments even further but also making it impossible to divest the investments which remain owned by the LGPS.