Relates to divestiture of public funds in the Russian energy sector

This bill requires New York State to stop using public funds for investments in Russia's energy sector, which includes oil, natural gas, and nuclear power development. The law mandates that state agencies create and maintain a list of companies providing goods, services, or credit to this sector, and these listed entities would be disqualified from bidding on state contracts. While the bill generally prohibits such investments, it allows for limited exceptions if a company has already invested before the law took effect and is actively phasing out those activities, or if the state determines the goods are essential for its operations.