SACRAMENTO—As tensions rise over Russia’s war with Ukraine, California Gov. Gavin Newsom is seeking to halt the state’s top pension funds from investing in Russia.
Newsom sent a letter (pdf) on Feb. 28 asking the leaders of the state’s three top pension funds—which jointly hold $970 billion in funds, according to the governor’s office—to halt the flow of money into Russia and ban the purchase of Russian debt.
