Scotland’s largest council pension funds have around £230m invested in Western companies continuing to operate in Russia almost a year after Putin’s invasion of Ukraine.
Scotland’s two largest local government pension funds have nearly half a billion pounds invested in firms which are still doing business in Russia.
Yuri Lopatinsky was linked to Russian state agencies by an MP during a January debate in the House of Commons.
Scotland's second largest council pension fund has refused to divest from a Russian bank which was sanctioned after Russia's invasion of Ukraine.
The pension fund for MSPs has divested from a Russian bank sanctioned following Russia’s invasion of Ukraine.
Edinburgh University has shares worth £1m in a bank sanctioned after Russia's invasion of Ukraine and more than £6m in a Dutch firm with links to Vladimir Putin.
The trustees of the Scottish Parliamentary Pension Scheme (SPPS) have written to Baillie Gifford, the firm that manages the fund asking that it divest from a bank sanctioned following Russia’s invasion of Ukraine.
The pension fund for Scotland’s MSPs has shares in a Russian bank called Sberbank which has been sanctioned following Russia’s invasion of Ukraine.
Despite pledging to invest ethically, Scottish universities still have shares worth millions in arms, fossil fuels and tobacco companies.