The HPF has decided to add investments in Russia to the exclusion list. As a result of this decision, the remaining investments in Russia will be sold as soon as possible and no new purchases will be made. In the case of investment funds, the HPF has no direct control over the investment policy of the investment funds concerned.

Therefore, HPF will engage with the asset managers regarding the decision of HPF.

The HPF will continue to closely monitor developments.Read our previous news item about investments in Russia here.