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File #: 220210    Version: 0 Name:
Type: Resolution Status: ADOPTED
File created: 3/3/2022 In control: CITY COUNCIL
On agenda: Final action: 3/10/2022
Title: Calling on the City of Philadelphia to terminate all contracts and financial ties with Russian businesses and investments.
Sponsors: Councilmember Oh, Councilmember Squilla, Councilmember Johnson, Councilmember Domb
Attachments: 1. Resolution No. 22021000, 2. Signature22021000

Title

Calling on the City of Philadelphia to terminate all contracts and financial ties with Russian businesses and investments.

 

Body

WHEREAS, Russia’s premediated assault on the sovereign state of Ukraine represents the gravest threat to democracy and international order since World War II; and

 

WHEREAS, The United States and freedom loving people across the world are standing in solidarity with the proud Ukrainian people as they wage defense of their right to self-determination and independence; and

 

WHEREAS, In response to the reckless invasion, governments around the world are implementing severe economic and diplomatic sanctions against Russia; and

 

WHEREAS, States and localities across the United States have also begun removing Russian products from shelves and severing investments in Russian businesses; and

 

WHEREAS, Governor Wolf has urged the Pennsylvania Liquor Control Board to pull all Russian products from state-run liquor stores, and State Treasurer Stacey Garrity has ordered the divestment of all holdings in Russian-based companies; and

 

WHEREAS, According to Garrity, the state had roughly $3 million invested in 31 Russian-based holdings; and

 

WHEREAS, These actions to sever ties and holdings should not be misconstrued as malice toward the Russian people or Russian Americans; they are not to blame for decisions made by reckless leaders in Moscow; and

 

WHEREAS, City Council unanimously adopted a resolution last month declaring “Philadelphia Stands with Ukraine”; and

 

WHEREAS, In solidarity with the Ukrainian people, the City of Philadelphia should begin a review of all procurements and investments; now, therefore, be it

 

RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That it hereby urges the City of Philadelphia to terminate all contracts and financial ties with Russian businesses and investments.

 

End