North Dakota investments with Russian entity exposure include $8.5 million from the Legacy Fund, $5.1 million from the state’s pension pool and $2.3 million from the insurance pool – a total of $15.9 million or less than one-tenth of 1% of the $19.3 billion in total assets under management, according to the office of Gov. Doug Burgum. The North Dakota Board of University and School Lands (Land Board) has about $28.8 million invested in Russian-based companies.
Having served on the State Investment Board on behalf of Gov. George Sinner, I have had a continuing interest in the $8 billion pot of gold accumulated in the state treasury from oil revenue.