ALBANY, N.Y. (NEWS10) — As the unprovoked attack on Ukraine continues, Gov. Kathy Hochul announced that New York agencies will no longer be doing business with Russian entities. “An attack on their county is truly an attack on all of us,” she said during a Sunday press conference.
New York has the largest Ukrainian population in America. As of 2018, it’s estimated that nearly 170,000 Ukrainians live here, according to the Center for Demographic and Socio-Economic Research of Ukrainians in the U.S. That’s why Hochul is taking action, positioning New York’s firmly stance alongside Ukraine.
“As Governor of the State of New York, as the 10th largest economy in the world, larger than Russia, we realize unique power we have to join President Biden in economic sanctions,” Hochul explained. She signed an executive order directing all state agencies to stop doing business with Russian entities to help ensure New York’s economy is not being used to support the invasion.
It’s unclear precisely how much business that state agencies across New York conduct with Russian entities. When asked by NEWS10’s Capitol Correspondent Jamie DeLine exactly what business the state has done, the governor’s office said all state agencies are currently undergoing a comprehensive review.
“We will be calling on all divestments from state money,” said Hochul. “We are working with our comptroller on that. As well as any company or institution that is on a list of Russian headquartered entities. So we are also going to refrain from any future investments. This is a strong statement. It’s a statement of our priorities, it’s a statement of our values.”
The governor has said repeatedly that the state is ready to welcome Ukrainian refugees fleeing the conflict. While the state is still not aware of any resettlement requests made by the federal government at this time, since 2007, nearly 2,000 Ukrainian refugees have made New York their home.