"We are no longer going to allow New York State business to transact with Russian entities," Hochul said.
The state will conduct a thorough review of its finances and divest 'state money as well as investments' in 'companies headquartered in Russia or Russian state-sponsored entities.'
Hochul noted the state is home to the country's largest Ukrainian population.
Her sign language interpreter, who grew up in Ukraine, was wearing the Ukrainian flag colors.
RELATED | Defiant Ukrainian president refuses US offer to evacuate: 'I need ammunition, not a ride'
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