News

UK’s USS pension scheme places moratorium on buying Russian assets

LONDON (Reuters) – Britain’s Universities Superannuation Scheme said on Monday it had placed a moratorium on new long positions in all Russian assets.

The move is the latest by an asset owner to limit exposure to Russia financial assets in the wake of the country’s invasion of Ukraine, which Russia terms a ‘special operation’.

“We have placed a moratorium on new long positions taken in all Russian assets which is over and above full compliance with UK government sanctions restricting trading in sovereign debt and other Russian assets,” a spokesperson said in emailed comments.

Where the scheme was not in direct control, for example where it invests in funds with other investors, it would encourage the same position to be adopted.

“Where we have existing investments, we will need to consider our position carefully in the light of trading restrictions,” the spokesperson added, referring to a move by the central bank to stop share sales on the Moscow exchange.

UK’s USS pension scheme places moratorium on buying Russian assets

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published.

More in:News