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Pensions Economic Sanctions

Kilpatrick

Understanding the Impact of Russian Sanctions on Retirement Plans

Kilpatrick on

On February 24, 2022, Russia began a large-scale invasion of Ukraine. In response, the United States and other countries have imposed sanctions on a broad range of financial transactions that affect Russia. Pension and 401(k)...more

Dorsey & Whitney LLP

Sanctions Hit U.S. Pension Plans

Dorsey & Whitney LLP on

Early reports suggested that a pension fund for Kentucky teachers lost approximately $13 million invested in Sberbank, one of Russia’s largest banks. The pension plan quickly refuted these stories, reporting that the plan...more

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