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MARIA: WE ARE WAITING ON A ♪ ♪
MARIA: WE ARE WAITING ON A
BAN OUT OF RUSSIAN OIL IMPORTS
WE ARE WAITING FOR ANY
CONFIRMATION FROM THE WHITE
HOUSE, MEANWHILE, HE OHIO
ATTORNEY GENERAL DAVID YOST IS
CALLING ON ALL FIVE OF THE
STATES PUBLIC PENSION SYSTEMS
TO DIVEST ALL RUSSIAN BASED HE
INVESTMENTS FROM PORTFOLIOS IN
RESPONSE TO MOSCOW’S INVASION
ON WAR ON UKRAINE, BETWEEN ALL
FIVE STATES PUBLIC PENSION
SYSTEMS RUSSIAN INVESTMENTS
MAKE UP 300 MILLION DOLLARS,
JOINING ME RIGHT NOW TO
DISCUSS THIS IS THE ATTORNEY
GENERAL OF OHIO, DAVID YOST,
GREAT TO SEE YOU.
THANKS FOR BEING HERE, THIS IS
A -- ONE OF THE HE LEVERS THIS
ADMINISTRATION COULD PULL
LEVERAGE BECAUSE MANY
INVESTORS MAY NOT EVEN REALIZE
THAT THEIR PENSION FUNDS THEIR
ETFS ARE HOLING RUSSIAN
COMPANIES IN EFFECT FUNDING
PUTIN’S WAR ON UKRAINE, YOUR
THOUGHTS?
>> WELL THAT IS EXACTLY RIGHT.
THE CAPITALIZATION OF YOU
RUSSIAN COMPANIES, IS HELPING
THEIR ECONOMY TO CONTINUE TO
RUN WHERE MONEY COMES FROM FOR
THIS WAR, OF CONQUEST.
YOU KNOW WE HAD TO LOOK WE
DIDN’T KNOW AND WASN’T OBVIOUS
AT FIRST HOW MUCH WE HAVE IN
PUBLIC PENSION FUNDS INVESTED
JUST FROM OHIO IN RUSSIA, AS I
MENTIONED ABOUT 300 MILLION
DOLLARS.
>> WELL, WHAT ABOUT THE
COMPANIES TIED TO THE CHINESE
GOVERNMENT YOU ARE TALKING
ABOUT STATE PENSION SYSTEMS
DIVESTING FROM INVESTMENTS IN
ROGUE COUNTRIES LIKE RUSSIA,
WHAT ABOUT CHINA, OF COURSE,
HAS COMPANIES TRADING ON U.S.
EXCHANGES EVEN THOUGH DON’T
FOLLOW THE SAME AUDITINGS
RULES THE COMPANIES MANY ARE
SUBSIDIZED BY CCP.
DO YOU FEEL THE SAME ABOUT
CHINESE COMPANIES IN INDICES
PENSION SYSTEMS?
>> WELL, I WILL TELL YOU I
SURE WILL.
IF THEY EMBARKING ON WAR OF
CONQUEST, FOR EXAMPLE, TO TAKE
TAIWAN.
THE USE OF WAR NOT IN
SELF-DEFENSE BUT TO COMPANION
NATIONAL TERRITORY IS A
CENTURIES OLD KIND OF TACTIC
WE THOUGHT PRETTY MUCH GONE,
NOW THERE IS A LOT OF REASONS
TO CONSIDER DIVESTING FROM
CHINA AS WELL.
NOT TO -- THE LEAST OF WHICH
IS ETHNIC MINORITY WITHIN
BORDERS.
BUT THERE IS QUANTUM LEVEL OF
DIFFERENCE BETWEEN YOUR
INTERNAL ACTIVITIES THAT ARE
MORALLY OBJECT REJECTABLE I’VE
GONE AND A WAR OF CONQUEST.
MARIA: AG YOST FEELS WE ARE
NOT SUFFICIENTLY PUNISHING
VLADIMIR PUTIN IS FOR INVADING
UNPROVOKED PEACEFUL COUNTRY OF
UKRAINE, I MEAN LET’S FACE IT THERE ARE SCORES OF MILLIONS
THERE ARE SCORES OF MILLIONS
OF AMERICANS HOLD COMPANIES
LIKE GAZPROM MANY OTHERS TELL
ME ABOUT INDICES WHY THEY HOLD
COMPANIES EVEN AS INVESTORS
MAY NOT REALIZE WHAT THEIR
OWNING AND BUYING.
>> THAT IS A GREAT QUESTION.
I WONDER WHERE ALL ESG
ACTIVITIES ARE AT THIS MOMENT
RUSSIA’S ACTIONS FAR WORSE
THAN ANYTHING THEY’VE BEEN
CALLING FOR DEVESTMENT FOR,
BEYOND THAT -- HAS A
SUBSTANTIAL UKRAINIAN
POPULATION PEOPLE THEM A HAVE
ZEST ZECENDED FROM THE
UKRAINIAN STOCK PUBLIC
COMPETENTLIES PENSION SAVINGS
ARE BEING USED TO HELP CALLIZE
THE RUSSIAN WAR MACHINE, DON’T
EVEN KNOW WHAT WE COULD SAY TO
THOSE PEOPLE.
TO THINK ABOUT THEIR HOMELAND,
ANCESTRAL HOMELAND INVADED
PERHAPS SUPPORTED WITH CAPITAL
FROM THEIR PENSIONS.
AND I DARESSAY THAT WOULD
APPLY ACROSS THE ENTIRE
BROADER ECONOMY.
MARIA: A GREAT POINT THAT YOU
MAKE, THE UKRAINIAN POPULATION
IN OHIO, AG I AM WITH JAMES
FREEMAN FROM THE "THE WALL
STREET JOURNAL," JAMES JUMP
IN.
>> THANKS MARIA, THANKS --
THIS IS KIND OF INTRYINGING
THE I BELIEVE TOMORROW THE
RUSSIANS ARE HOPING TO OPEN
THEIR STOCK MARKET IF OHIO AND
OTHER STATES ARE PUTTING IN
ALL THESE SELL ORDERS IS IT
POSSIBLE THEY WON’T BE ABLE TO
REOPEN UNTIL PUTIN DECIDES TO
RELENT?
>> YEAH, PERHAPS YOU CAN TELL
ME I DON’T KNOW IF THEY’VE GOT
AUTOMATIC CIRCUIT BREAKERS IN
STOCK MARKET SYSTEM THAT KIND
OF CRASH THAT YOU ARE
DESCRIBING, MIGHT CLOSE IT
BACK DOWN, BUT I THINK THAT IS
A DEFINITE POSSIBILITY.
MARIA: WE WILL LEAVE IT THERE
AG YOST THANKS VERY MUCH FOR
LEADERSHIP ON THE SUBJECT, WE