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Bristol Post
Bristol Post
National
Estel Farell Roig

Bristol City Council doesn't have any investments in Russian institutions

Bristol City Council has confirmed that it has not got any funds invested in Russian institutions, and no gifts from any Russian companies have been received by council employees.

This comes after it emerged the pension fund for council employees across the Bristol region has investments with Russian companies. However, the Avon Pension Fund has said the exposure is "negligible" and that it will divest all of these investments "as soon as possible".

Information released by Bristol City Council under a Freedom of Information request by BristolLive said: "Bristol City Council has not invested funds in Russian institutions and has no current investments in Russian institutions.

READ MORE: Still no guidance on Ukrainian refugees for local authorities

"We are not aware of any gifts received by employees of the council from any Russian companies."

In a statement, South Gloucestershire Council said last week it didn't have any direct contracts in place with any Russian companies, nor does it have any investments in Russian companies.

In information obtained via a Freedom of Information request, North Somerset Council said the council does not have any investments with Russian companies. It said no gifts have been received by North Somerset Council, any of its employees or elected members from Russian companies or Russian nationals in the past ten years.

Bath and North East Council said it does not have any contracts with any Russian state-owned companies such as Gazprom.

Bristol Mayor Marvin Rees has previously said that, while the city is ready to welcome refugees fleeing the war, the Government needs to provide the money to make this happen. The mayor also said that Vladimir Putin should be investigated for war crimes.

ALSO READ: How to talk to children about Ukraine crisis? Book by Bristol author help their worries

READ MORE: Bristol barber offers Ukrainian customers free haircuts

READ MORE: Ukrainian says UK government is being 'too slow' in support for refugees

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