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The Guardian - UK
The Guardian - UK
Business
Toby Helm, Political Editor

MPs’ pension fund drops Russian-linked investments in protest

Russia HSBC
Gazprom chief executive Alexei Miller, right, showing Vladimir Putin around a pipe-laying ship in 2017.
MPs says HSBC holds investments in Gazprom, whose chief executive Alexei Miller, right, is pictured showing Vladimir Putin around a pipe-laying ship in 2017. Photograph: Mikhail Metzel/SPUTNIK/AFP/Getty Images

Trustees of the pension fund for members of parliament have agreed to sell all investments linked to Russia after a cross-party group of more than 60 MPs raised concerns about connections to Russian oil and gas companies.

The trustees met last Thursday, having received the MPs’ letter, and agreed to act immediately to ensure the fund was cleansed of both direct and indirect Russian interests.

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