The pension fund for council employees across the Bristol region has investments with Russian companies, it has emerged.
However, the Avon Pension Fund has said the exposure is "negligible" and that it will divest all of these investments "as soon as possible".
In a statement, the Chair of the Avon Pension Fund Committee Councillor Paul Crossley and the Chair of the Avon Pension Fund Investment Panel Councillor Shaun Stephenson-McGall said: "With immediate effect and together with our partner funds that make up the Brunel Pension Partnership (Brunel), we commit to prohibiting any new investments in Russian assets and will further disinvest from all Russian-controlled and Russian-owned assets, bonds and equities, wherever they are domiciled. This action will ensure that we capture all Russian assets, state-owned and private.
