News by email Donate

Suggestions

Top Stories

Most Read

Popular Videos

Valdimir Putin 1.jpg 1.jpg
Valdimir Putin 1.jpg
World News

C of E ditches Russian investments as world unites to hit Putin where it hurts

by Press Association

Russian investments reportedly worth £20 million have been ditched by The Church of England, according to The Times newspaper.

The C of E pensions board has been instructed to exit “all current direct holdings in Russian companies”, a spokesman for the Anglican church has said.

They told The Times: “The Church Commissioners and the Church of England Pensions Board issued instructions to all of our managers to exit all of our current direct holdings in Russian companies and to make no further investments in Russian companies.

"Holdings across portfolios in Russian companies represented approximately 0.16 per cent of total investments.”

It did not name any companies.

The move came as the world united to hit Russian president Vladimir Putin where it hurts, with widespread sanctions designed to destabilise the Russian economy.

The Daily Mail newspaper reported that Russian ruble dropped to as low as 119 per dollar in early trading on Monday.

It tumbled beyond previous low of 90 rubles per dollar - with it last at 109 - prior to the invasion of Ukraine.

In response, Putin banned the depositing of money in any foreign accounts, to stop cash, especially held by rich Russians, moving out of the country and further destablising the economy, reports said.

 

Continue the conversation on our Facebook page

A Monthly Gift Of $11 Makes A World Of Difference

In a world of fake news there’s never been a greater need for quality Christian journalism. Premier’s mission is to provide the Church with the most up to date and relevant news, told from a Christian perspective. But we can’t do it without you.

Unlike many websites we haven't put up a paywall — we want to keep our journalism free at the point of need and as open as we can. Premier’s news output takes a lot of time, money and hard work to produce. No one in the USA is sharing news like we are across radio, magazines and online so please help us to continue that today.

For a monthly gift of $11 or more we’d also be able to send you a free copy of the brand new Premier Bible, a wonderful Anglicised version of the NLT packed with exclusive bonus content, reading plan and resources to help you get the most out of scripture.

Your monthly support will make a world of difference. Thank you.

Support Us

Related Articles

Sign up to our newsletter to stay informed with news from a Christian perspective.

News by email

Connect

Donate

Donate