The Impact of the Economic Sanctions on Russia

Part of 3. Questions to the Senedd Commission – in the Senedd at 3:13 pm on 16 March 2022.

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Photo of Peter Fox Peter Fox Conservative 3:13, 16 March 2022

Thank you, Commissioner, for that response. I think that was very helpful for Members and others watching in. As we all know, there is a wide-ranging movement across the UK and the wider world to disinvest from Russia based businesses as well as stocks and shares. Of course, in normal times, it's usual practice to use things like pension schemes to invest in foreign stocks and shares, but Russia's illegal and unnecessary invasion of Ukraine has meant that it is important to ensure that public money is not inadvertently being used to support a regime that has shown that it has no respect for democracy or the rules-based international order.

Will the Commission confirm its commitment—and I think I know the answer—to working with the pension board and other stakeholders to ensure that any investments derived from staff and Members' pension schemes are disinvested from any Russia based businesses? And could you answer: how is the Commission working with stakeholders to ensure that the relevant pension policies support responsible investments?