UK regulator flags big challenges to chancellor Sunak's call to stop investing in Russia

clock • 1 min read
UK regulator flags big challenges to chancellor Sunak's call to stop investing in Russia

UK regulator the Financial Conduct Authority (FCA) has responded to chancellor Rishi Sunak's call to stop investing in Russia, highlighting that there are "significant practical challenges" in terms of disposing of such assets.  Regulated firms have already taken steps to avoid new investment in the Russian economy, the FCA said in a statement on 13 March.  "Many asset managers and pension providers have written down any Russian assets already held by the fund or scheme to zero, and som...

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