Should big pension funds divest from Russia at a loss? It's the moral thing to do but a Pa. state senator warned it may make oligarchs richer
Sanctions and divestment are meant to put pressure on Russian oligarchs such as Roman Abramovich, pictured here cheering on England's Chelsea soccer club, which he owns, on May 21, 2017, in London. - BEN STANSALL/AFP/Getty Images North America/TNS

Board members of the Pennsylvania state workers' retirement plan watched nervously as the value of its Russian investments shrank rapidly — from $60 million at the end of last year to $21 million on Feb. 28, four days into the Russian invasion of Ukraine. Then it plummeted to $7 million by last Thursday. Members debated whether the SERS pension fund should sell and take a tiny loss compared with its overall holdings to support an embattled Ukraine. Or whether they should hold on and wait for a recovery. The arguments on both sides were pointed during the debate last week. "Nobody supports Russ...