Washington, other US states adding to financial pressure on Russia over Ukraine invasion

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Washington, other US states adding to financial pressure on Russia over Ukraine invasion
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Washington, other US states adding to financial pressure on Russia over Ukraine invasion FOX13

, were taking actions Monday to pull state investments from Russian companies while encouraging private entities to do the same.by U.S. states often pales in comparison to national ones, but state officials said they wanted to show solidarity with Ukraine and do what they could to build upon the penalties imposed on Russia by the U.S. government and other Western nations.

Several states have expressed a willingness to provide housing to Ukranian refugees. The Washington state House and Senate each have added amendments to their budget proposals setting aside $19 million to provide services and temporary housing to refugees who come from Ukraine.Georgia House Speaker David Ralston, a Republican, got a bipartisan standing ovation Monday when he told representatives he would seek to have the state’s retirement funds quickly divested from any Russian assets.

"Indiana will not be a safe haven for ill-gotten Russian funds, nor for its oligarchs trying to find financial shelter in the wake of Putin’s unconscionable invasion of Ukraine," Democratic state Rep. Ryan Dvorak said while proposing the amendment last week.Sunday forbidding her state from doing business with Russia. She ordered state agencies to divest money and assets from companies or institutions aiding Russia in its war against Ukraine.

Pennsylvania House Majority Leader Kerry Benninghoff, a Republican seeking co-sponsors for the legislation, said state lawmakers "have a moral obligation to ensure that our public fund investments are not inadvertently supporting those who are engaging in an unprovoked invasion of their democratically elected neighbors."A former University of Washington Fulbright Foreign Language Teaching Assistant is back home in Ukraine, watching the situation unfold up close and personal.

Two prominent Republican governors, Florida’s Ron DeSantis and South Dakota’s Kristi Noem, who are widely seen as angling for a White House bid, mostly took aim at President Joe Biden rather than issue executive orders targeting Russia. They criticized his energy policies and said that had made it difficult to slap sanctions on Russia’s exports of oil and gas.

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