NSW government sets good example of financial ethics re Russian shares

The New South Wales government has announced it will sell its $75 million worth of shares in Russian companies. It is a good example of where good risk management and ethics coincide. 

Selling the shares will add to international financial pressure building on Russia in protest over its invasion of Ukraine.

NSW selling its holdings won’t cause an economic collapse – it is small by comparison with Russia’s $(US)1.5 trillion economy – but is helpful. Every share sold at a discount decreases the value of the Russian companies involved.