New York orders Russia sanctions, welcomes Ukraine refugees

The governor also said New York will welcome Ukrainian refugees in response to Russia's invasion, noting at a press conference in Albany that her state is home to the largest Ukrainian population in the U.S.

Associated Press

Feb 28, 2022, 12:49 AM

Updated 776 days ago

Share:

NEW YORK - New York Gov. Kathy Hochul signed an executive order Sunday forbidding her state from doing business with Russia, including cancelling its investments there.
The governor also said New York will welcome Ukrainian refugees in response to Russia's invasion, noting at a press conference in Albany that her state is home to the largest Ukrainian population in the U.S.
“We have said we’ll open up our hearts, our homes, our resources to the people of the Ukraine, to say, ‘We stand with you,’” Hochul said. Federal estimates show that around 140,000 of the more than 1 million people in the U.S. who report Ukrainian ancestry live in New York.
“If you need a place to stay, you want to come over here, we will help you become integrated into our community,” she said, “as we have been open so to so many other refugees in the past, including those from Afghanistan most recently.”
Hochul didn’t immediately get into specifics regarding her state's economic sanctions against Moscow - including how much the state has invested in Russian entities - but pointed out that New York’s economy is larger than that of Russia.
The governor’s executive order means the state “will not permit its own investment activity, whether directly or indirectly, to aid Russia as it commits these human rights violations and atrocities.”
Ukraine filed a case at the United Nations’ highest court accusing Russia of planning genocide.
“We strongly condemn the action of Putin and Russia for this unprovoked attack which is now leading to atrocities against innocent human beings, and that is not tolerable,” Hochul said.
New York's sanctions follow those issued by President Joe Biden last week targeting Russia’s financial system. Biden said the U.S. will block assets of large Russian banks, impose export controls aimed at the nation’s high-tech needs and sanction its business oligarchs.
It was not immediately known how much money the sanctions could represent, but Hochul said she wants state agencies to review contracts and assets to be sure that taxpayer money isn't being used to indirectly fund Russia's invasion of the Ukraine.
Hochul ordered state agencies to divest money and assets from investments in companies or institutions determined to be a “Russian or supporting entity." And she forbid the state from doing business with such entities.
The executive order defined a supporting entity as any institution or company that is aiding Russia in its war against the Ukraine.
By BOBBY CAINA CALVAN


More from News 12
1:51
Greenburgh Town police: Female pedestrian critically injured in SUV crash

Greenburgh Town police: Female pedestrian critically injured in SUV crash

2:28
STORM WATCH: Scattered strong storms overnight in the Hudson Valley

STORM WATCH: Scattered strong storms overnight in the Hudson Valley

2:11
Lustgarten Foundation walk in Westchester raises funds for pancreatic cancer research

Lustgarten Foundation walk in Westchester raises funds for pancreatic cancer research

0:28
Israel hails success in blocking Iran’s unprecedented attack. G7 democracies condemn attack

Israel hails success in blocking Iran’s unprecedented attack. G7 democracies condemn attack

0:25
Police: Man who punched 9-year-old girl at Grand Central Terminal arrested

Police: Man who punched 9-year-old girl at Grand Central Terminal arrested

0:33
Police: Dollar store employee attacked during robbery in Dutchess County

Police: Dollar store employee attacked during robbery in Dutchess County

0:30
Police: Suspect arrested for stabbing Ramapo man in his driveway

Police: Suspect arrested for stabbing Ramapo man in his driveway

2:18
Gov. Mario M. Cuomo Bridge lit in orange to celebrate The Arc Westchester's 75 years of service

Gov. Mario M. Cuomo Bridge lit in orange to celebrate The Arc Westchester's 75 years of service

2:13
Yo Digo No Mas nonprofit hosts panel discussion about child sex abuse

Yo Digo No Mas nonprofit hosts panel discussion about child sex abuse

2:04
CDC: Most women do not get a mammogram because of financial difficulties

CDC: Most women do not get a mammogram because of financial difficulties

0:27
New Rochelle man arrested, accused of exposing himself to college students

New Rochelle man arrested, accused of exposing himself to college students

1:28
Tunnel to Towers benefits from Yonkers-New Rochelle FD charity ice hockey game

Tunnel to Towers benefits from Yonkers-New Rochelle FD charity ice hockey game

0:21
Officials cut the ribbon on new Bedford firehouse

Officials cut the ribbon on new Bedford firehouse

0:37
Orange County DA: Newburgh man pleads guilty to 2 counts of criminal possession of a weapon

Orange County DA: Newburgh man pleads guilty to 2 counts of criminal possession of a weapon

0:40
Authorities announce arrest in 2019 Middletown homicide

Authorities announce arrest in 2019 Middletown homicide

1:35
CDC: Measles could lose 'elimination status' amid uptick across the U.S.

CDC: Measles could lose 'elimination status' amid uptick across the U.S.

0:36
Officials: Person rescued after falling onto train tracks of Croton-Harmon Metro-North station

Officials: Person rescued after falling onto train tracks of Croton-Harmon Metro-North station

2:08
Yonkers tenants concerned building management will force them out of their apartments

Yonkers tenants concerned building management will force them out of their apartments

0:28
Police: Yonkers man charged for Old Westbury gas station robbery from nearly a year ago

Police: Yonkers man charged for Old Westbury gas station robbery from nearly a year ago

0:27
Groundbreaking ceremony held for new White Plains affordable housing project

Groundbreaking ceremony held for new White Plains affordable housing project