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 Gov. Whitmer Takes Action to Divest Michigan from Russian Investments

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LANSING, Mich. -- In response to the Russian invasion of Ukraine, Governor Gretchen Whitmer today sent a letter to State Treasurer Rachael Eubanks calling on the State of Michigan Investment Board to hold a special meeting to divest the state of Michigan Retirement Systems pension plans from Russia, and for the State Treasurer to do the same with various trust funds over which she is fiduciary. 
 
From the letter: 
 
“I am writing to call on the State of Michigan Investment Board to hold a special meeting to divest the State of Michigan Retirement Systems pension plans from any investments in institutions or companies headquartered in Russia or that have their principal place of business in Russia. Additionally, I am calling on you, as the State Treasurer and fiduciary over various State trust funds, to do the same.” 
 
The full text of the letter is below: 
 
Dear Treasurer Eubanks: 
 
I am writing to call on the State of Michigan Investment Board to hold a special meeting to divest the State of Michigan Retirement Systems pension plans from any investments in institutions or companies headquartered in Russia or that have their principal place of business in Russia. Additionally, I am calling on you, as the State Treasurer and fiduciary over various State trust funds, to do the same. 
  
Last week, the world watched with horror as President Vladimir Putin launched an illegal and destructive war against the people of Ukraine. These heinous attacks are aimed at overthrowing Ukraine’s democratic government and violate international law. Since then, the federal government and our international allies and partners have announced significant sanctions targeting Russian financial institutions, state-owned enterprises, and other government-related activities. Michigan supports these national and international sanctions and should align our state-level actions.  
  
As the situation in Ukraine progresses, I will continue to stay in touch with top leaders in the federal government on behalf of Michiganders. Michiganders may feel concerned about the impacts this situation will have on Michigan’s economy. For that reason, I will continue to monitor any potential disruptions to our supply chains and prices to protect Michiganders’ pocketbooks and put Michiganders first. 
 
Sincerely, 
 
Gretchen E. Whitmer 
Governor of Michigan ​
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  • Surreal ValeCity online media
  • October 19 2022 Edition
    • Passion Exhibit Gallery Arte Azulejo
    • Gov Ivey Improved Broadband Access
    • Release Alaska Vital Statistics
    • Gov Lamont Clean Energy Investment Plan
    • Gov Reynolds Appoints Eric Howe
    • Gov Reynolds Iowa Budget Surplus
    • Baker Polito 24 Million Skills Capitol Grants
    • Gov Whitmer Increasing Road Patrol Funding
    • Gov Whitmer Investments Jobs Saginaw
    • First Food Delivery Nevadans in Need
    • Gov Sisolak Statement Escaped Inmate
    • Statement Donald J Trump Sept 27
    • Luna Fest Womens Film Festival
  • Elections 2022
    • Kelly for Alaska >
      • Tshibaka Premiere Energy Summit on Facebook
      • Alaska Radio Station Rejects McConnell Attack
      • Tshibaka Endorsed by America's Candidate Fund
      • New Tshibaka TV Ad Highlights
      • Kelly Tshibaka Endorsed by Edgar Blatchford
      • Tshibaka Time For a Change Education
      • As Fauci Retires Remember Murkowski
      • Kelly Tshibaka Statement Alaska Primary
      • Kelly Tshibaka Closing Primary Argument
      • Confirmed Rank Choice Voting Scheme
      • New Tshibaka Ad Can't Trust
      • Tshibaka Earns A Rating
      • Buzz Kelly Suspends Campaign Endorses Tshibaka
      • Tshibaka Time for a Change Constitutional Rights
      • Murkowski Continues Charade Pressing Haaland
      • Kelly Tshibaka Statement Planned Trump Rally
      • Tshibaka Statement Supreme Court Ruling Abortion
      • Tshibaka Blasts Gun Control Deal
      • Murkowski Embraces Gun Control Package
      • Murkowski Erode 2nd Amendment Rights
      • Tshibaka Endorsed by Harold Hamm
      • Jimmy Carter Lisa Murkowski Create Obstacles
      • Tshibaka Murkowski Gross Disregard Workers
      • Kelly Tshibaka Leaked Draft Supreme Court
  • Supporting ALL Law Enforcement
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