from making any public investments or other financial agreements with a person or business with investment activity in Russia and Belarus. That includes pension investments, public contracts, professional services, deals with Russian financial institutions, and tax abatements.
As of Oct. 31, the fund had at least $226.6 million tied up in Russian equities and an additional $21.4 million in Belarus, according to a recent state investment report. Pension funds across the country have rushed to divest holdings from Russia and Belarus in the wake of the war. Officials in other states from New York to California are taking similar steps to New Jersey.
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