Seeking to tighten the financial squeeze on Russian over its war against Ukraine, governors and lawmakers in numerous U.S. states were taking actions to pull state investments from Russian companies while encouraging private entities to do the same.
A sign in the vodka area of a Pennsylvania Fine Wine and Good Spirits store reflects the states decision to withdraw Russian-made products for sale, Monday, Feb. 28, 2022, in Harmony, Pa.
“I don’t know about y’all, but I don’t want one penny of Georgians’ money going to subsidize Vladimir Putin,” Ralston said. “While our role in international affairs is limited, we make clear we stand with those who want to live in peace.”Some actions have been largely symbolic. The capitols in Arizona, Pennsylvania and Tennessee and the governor's mansion in South Carolina were lit with the blue and yellow colors of Ukraine’s flag. Minnesota Gov. Tim Walz, a Democrat, and Ohio Gov.
Pennsylvania House Majority Leader Kerry Benninghoff, a Republican seeking co-sponsors for the legislation, said state lawmakers"have a moral obligation to ensure that our public fund investments are not inadvertently supporting those who are engaging in an unprovoked invasion of their democratically elected neighbors.”
Colorado Gov. Jared Polis, a Democrat, also has banned state agencies from doing business with Russian state-owned firms and their subcontractors. Colorado’s $61 billion state pension fund is pulling $8 million from a Russian state-owned bank identified in federal sanctions.
Other governors are seeking to sever good-will relationships between their home states and those in Russia.Republican Gov. Larry Hogan announced Monday that he's dissolving Maryland’s decades-old sister-state relationship with Russia’s Leningrad region after the invasion of Ukraine. Virginia Gov. Glenn Youngkin, a Republican, asked the cities of Norfolk and Roanoke to end their sister city partnerships with Russian cities. Iowa Gov.
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