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4/27, 8:20 AM (Source: TeleTrader)
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DWS suspends investments in Russia

German asset management company the DWS Group reported on Wednesday it will "no longer make new investments into Russian securities" as a result of the current geopolitical situation until further notice. The DWS Group asserted it has "intensified" contact with its clients to provide further assessment and expertise due to market uncertainties and soaring inflation rates.

The company stated it has donated €250,000 for humanitarian aid to help to mitigate the consequences of the conflict that resulted also in a large number of refugees from Ukraine. In addition, the Group added that its employees at various locations "carried out relief campaigns" and raised funds for the Ukrainian people affected by the current crisis.

Baha Breaking News (BBN) / AB