Members of the committee hired a special investigator in January to determine whether political factors played a role in the December firing of Rodell by the corporation’s board of trustees.
The decline will not have an immediate negative effect on state finances, but continued losses would reduce available cash for services and dividends.
The vacancies are slowing services, canceling ferries and could strain the Alaska Permanent Fund.
Revenue Commissioner Lucinda Mahoney said the value of state-held Russian investments has declined from $267 million at the end of 2021 to a current estimate of no more than $15 million.
He also requested further actions from the federal government and Alaska businesses and individuals.
Committee chair Sen. von Imhof said the goal is to make sure the fund is protected from political intervention or manipulation.
Anchorage Republican Sen. Natasha von Imhof said Alaskans deserve answers about Rodell’s sudden removal.
Rodell had served in the position since 2015. It grew from $51 billion to $81 billion during her tenure.
Gov. Dunleavy has proposed taking $6.3 billion this year out of the $14.9 billion in permanent fund earnings.
The Legislature is on track to break the record for fewest bills passed in a year, with only five so far this year compared with the current record-low of 32 last year.