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Insider UK
Insider UK
Business
Peter A Walker

Edinburgh University has more than £1m invested in sanctioned Russian bank

The University of Edinburgh has shares worth £1.1m in a bank sanctioned after Russia’s invasion of Ukraine.

As of January this year, records show the university has Sberbank stock, held via fund manager Baillie Gifford, which is based in the Scottish capital.

The lender, Russia’s largest bank, has already caused tension at Holyrood in the last week as the Scottish Parliamentary Pension Scheme has holdings worth about £300,000 - with MSPs calling for the investments to be removed.

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