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New York orders review of all state investments with Russian companies

Status of Liberty in New York city

New York Gov. Kathy Hochul signed an executive order Sunday mandating an immediate review of any state investment or purchase from Russian companies in retaliation to Putin’s invasion in Ukraine.

The state would immediately divest from any institution found in the review, Hochul, a Democrat, said.

Individual states have begun taking various actions to punish Moscow amid federal sanctions that were levied against Russian banks, Putin, and Putin’s inner circle by the Biden administration in recent days.

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“We are going to also continue to refrain from any future investments,” Hochul said prior to signing the order. “This is a strong statement. It’s a statement of our priorities. It’s a statement of our values.”

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