As of 24 February 2002, ABP had investments worth around 520 million euros in Russia, slightly less than 0.1 percent of the total invested capital. In recent years, investments in Russia had been considerably scaled down, the board says.
The pension fund for the government and education recently sold some of the investments in Russian oil and gas companies. That decision was taken after continued protests by climate activists and employees.
ABP had no investments in Russian government bonds. Due to the EU arms embargo, they were already on the exclusion list of the pension fund.
According to the board, selling the remaining investments may take some time. This will be done ‘as soon as it is responsible to do so’.