CofE and Norway state fund divest from Russia

Investors withdraw investments as a result of Russia’s invasion of Ukraine

Jonathan Stapleton
clock • 1 min read
Some investors are divesting from Russia as a result of its invasion of Ukraine
Image:

Some investors are divesting from Russia as a result of its invasion of Ukraine

The Church of England is to sell its £20m Russian holdings and Norway's NOK11.6trn (£976bn) sovereign wealth fund will pull out of all its investments in the country as a result of Russia’s invasion of Ukraine.

The Church of England told The Times it was immediately selling its investments in Russian firms and had issued a ban on any further investment as a direct result of the invasion.

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

In a separate move, the Norwegian government said its sovereign wealth fund - the Government Pension Fund Global - would pull out of all investments in Russia because of the invasion of Ukraine.

The Financial Times said Norges Bank Investment Management had been instructed to immediately freeze all new investments in Russia and to begin unwinding its existing $3bn (£2.24bn) worth of Russian holdings.

More on Investment

Savers believe pension funds should back infrastructure and UK growth

Savers believe pension funds should back infrastructure and UK growth

Research from IFM Investors suggests public backing for infrastructure investment

Alex Levy
clock 12 October 2026 • 3 min read
M&G launches first LTAF in bid to widen access to private credit capability

M&G launches first LTAF in bid to widen access to private credit capability

Targeting net returns of SONIA plus 5% per annum over five years

Jonathan Stapleton
clock 12 October 2026 • 2 min read
Look to nature for true diversification

Look to nature for true diversification

Tony Dalwood says forestry and agriculture can offer genuinely different sources of return

Tony Dalwood
clock 05 October 2026 • 3 min read
Trustpilot