Australian companies and investors scramble to cut ties with Russia

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Australian miners and superannuation funds are starting to sever their Russian ties, as a global push to isolate Moscow gathers pace.

Australian miners and superannuation funds have started to sever their Russian ties, as a global push to isolate Moscow gathers pace.Corporate social responsibility advocates say some of the moves to reduce ties are "window dressing"Russian businessman Maxim Mayorets has agreed to step down from the board of Falcon Oil and Gas, which is a partner in Origin Energy's Beetaloo Basin gas project in the Northern Territory.

"We are closely monitoring the situation in Ukraine and related sanctions," a Rio Tinto spokesman told AAP. Australia's sovereign Future Fund and the country's second-largest superannuation fund Aware Super have announced they will dump Russian assets.

 

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The world has to cut business ties with both Russia and China. DO NOT MAKE THEM POWERFUL. They will eat the world up.

I have a friend in Kiev. If Russia is winning I hate to see them winning. 😡

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