Georgia’s State Pension Funds Lose $150 Million in Russia Investments

Georgia state officials this month quietly shed more than $150 million in Russian assets from the state’s pension systems, as scrutiny over U.S. states’ investments mounted amid Russia’s full-scale invasion of Ukraine.

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Kyle Wingfield, president of the Georgia Public Policy Foundation, said this “new phase of geopolitics” will cause pension funds and other investors to rethink geopolitical risk. 

“We’re gonna see more of this kind of risk than less,” he said.