The Board of Ruientes of Arizona announced on Monday that came out of all investments in Russian assets, adding the system of three universities to a small but growing list of institutions that have cut economic ties with Russia as the country continues His invasion of Ukraine.

The Board "condemns in the most solid terms possible the illegal invasion of Vladimir Putin of the Sovereign Nation of Ukraine and the apparent targeting of civilian populations, with one million refugees already in their wake," Lyndel Manson , President of the Board, said in a statement. "With today's action, the Board repudiates Putin's aggression and guarantees the public university company of Arizona, the Divestences of any Russian asset".

The university system has approximately $ 4 million invested in Russian assets, which is only a small fraction of its $ 1.2 billion dotations, according to Fred Duval, president of the Council. Because of this, the movement to fire is "significant, but not shocking," said Duval, and encouraged other colleges, universities and pension funds to do the same.

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