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Canada’s Caisse pension says has cut Russia financial exposure -Breaking

by Mike Robinson

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MONTREAL (Reuters – Canada’s Caisse de depot on Thursday announced that it sold positions in Russia to avoid exposure from the country’s future conflict with Ukraine.

“There’s no interest in investing directly and being exposed to the strategies when it comes to Russia, that’s the main principle,” Charles Emond, chief executive of the Caisse de depot et placement du Quebec, told reporters.

Emond claimed that Caisse previously had sold securities in violation of Canadian sanctions.

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