A bill requiring the state to totally divest its investments in Russian entities will likely clear its final Minnesota House committee this morning (10am) with a floor vote possible later in the week — and there’s a hearing on a companion bill tomorrow in the Senate as lawmakers fast-track the measure. Luda Anastazievsky, chair of the Minnesota Ukrainian-American Committee, supports the move:
“Our state should not financially support a government that invades its neighbors without provocation and targets innocent civilians as part of its military strategy.”
The bill would require the State Board of Investment make its best efforts to divest holdings in Russia and Belarus (bell-uh-ROOS) — 50 percent after nine months and 100 percent at the end of 15 months. The proposed legislation would also prohibit state agencies from having contracts with companies in those nations — paralleling a recent executive order by Governor Tim Walz.