
NSW GOVT: Could be forced to write of $30 million invested in Russia
NSW government could be forced to write off $30 million of tax payer funded investments that have been frozen by the Russians. Matt Kean Treasurer of New South Wales had been trying to dump $75 million invested Russia after they declared war on the Ukraine. Unfortunately the NSW Government has not been able to recover the entire $75 million because Russia has frozen the sale of equities and will likely write off the remaining $30 million. Opposition Treasury spokesman Daniel Mookhey declared that the government should never have invested in Russia and that NSW should be also pulling investments out of Saudi...
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