PYN Elite condemns Russia’s terror

— 26.02.2022

The Board of Directors of PYN Fund Management Oy has decided that PYN Elite Fund will not accept Russian tax residents as investors. The decision is based on Russia’s invasion to Ukraine and the path it has chosen to move back into the dark ages at the expense of innocent lives.

The decisions Russia has made are hostile, ruthless and depressing. They do not belong to global co-operation and open interaction of free nations. Russia’s actions meet the signs of state terrorism, and every tax resident in Russia is thus a suspected financier of terrorism.

Russia’s political leadership is responsible for its actions. Our way to act is to influence Russian tax residents to push them to move the country forward and take responsibility for making changes in Russian leadership.

Board of Directors,
PYN Fund Management