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June 29, 2022
According to a new executive order handed down on Sunday by New York Gov. Kathy Hochul, a Democrat, the state is now forbidden from doing business with Russia, which cancels its investments made with the country.
The governor added that New York will be welcoming Ukrainian refugees in response to Russian invasion.
Hochul noted at a press conference in Albany that the state is already home to the largest Ukrainian population in the country. “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,’” she said.
Federal estimates indicate that roughly 140,000 of the more than 1 million people residing in the U.S. who report Ukrainian ancestry live in New York.
The governor added, “If you need a place to stay, you want to come over here, we will help you become integrated into our community, as we have been open to so many other refugees in the past, including those from Afghanistan most recently.”
While Hochul did not immediately specify her state’s economic sanctions against Russia, which includes how much the state has invested in Russian groups, but she did point out that New York’s economy is bigger than Russia’s.
The executive order from Hochul means New York “will not permit its own investment activity, whether directly or indirectly, to aid Russia as it commits these human rights violations and atrocities.”
Ukraine also filed a case at the highest court of the United Nations, accusing its attacker of planning genocide. New York’s new sanctions fall in line with those issued by President Joe Biden that target Russia’s financial system.
ARTICLE: ELIZABETH HERTZBERG
MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: ROCHESTER FIRST