(Des Moines, IA) — Iowa’s state treasurer says he supports withdrawing investments in Russian companies – but there are challenges.
Treasurer Michael Fitzgerald says the ruble has crashed and the Russian stock market is closed. Fitzgerald says that means you can’t sell out and if you could you would get pennies on the dollar. He says he has signed a statement with 38 other state treasurers calling for public pension funds and other governments to divest from Russia.
Fitzgerald’s comments were made on Iowa PBS.
