russian securities; the feasibility, consistent with sfers's fiduciary obligations to retirees, of sfers divesting from russian securities, given russia's continuing persecution of members of the lesbian, gay, bisexual, and transgender community; and sfers's policy regarding responses to inquiries from members of the board of supervisors about policy matters of interest to residents of san francisco. >> okay, thank you. and i would like to turn this over to my colleague, supervisor scott wiener. >> thank you, madam chair, and thank you for accommodating this hearing in terms of timing. we very much appreciate it. so, colleagues, today before us we are holding a hearing relating to the extreme persecution of the lgbt community in russia that has been occurring for sometime now and having a discussion about whether it would be appropriate for the san francisco employee retirement system to divest of russian securities given the situation in russia related to the lgbt community. by way of background, colleagues, following the fall of the soviet union in 1991, russia liberalized some of its

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