‘Divest Russian Assets’: Australian Treasurer Tells Superannuation Funds

Australian Treasurer Josh Frydenberg speaks to the media during a press conference at Parliament House in Canberra, Australia, on July 7, 2021. AAP Image/Lukas Coch

Australian superannuation funds are divesting away from Russian assets with support from the federal government.

“The Morrison Government is today confirming its strong expectation that Australian superannuation funds will review their investment portfolios and take steps to divest any holdings in Russian assets,” Treasurer Josh Frydenberg said in a statement.