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Statement on the Russia / Ukraine crisis

Members, please be reassured that the value of your LGPS pension is secure. Your LGPS pension will not be affected if Clwyd Pension Fund investments fall in value due to the geopolitical crisis.

We are deeply saddened by the situation in Ukraine and our thoughts are with the Ukrainian people.

Our total exposure to Russian Investments is minimal at less than 1%. Even so, in light of the terrible events we have witnessed and the UK Government’s response in the form of economic sanctions, as a collective, we have decided to divest from these holdings as soon as is practically possible.

Given the circumstances we do not believe that engagement with these companies presents a viable option.

Cllr Clive Lloyd

For and behalf of the Wales Pension Partnership and the LGPS in Wales