Image: BlackRock CEO Larry Fink speaks at the 2016 Annual Meeting of the World Economic Forum in Davos, Switzerland.
CNBC: BlackRock’s Larry Fink, who oversees $10 trillion, says Russia-Ukraine war is ending globalization
* Larry Fink, CEO and chairman of the world’s biggest asset manager, BlackRock, said Russia’s invasion of Ukraine is reversing the long-running trend of globalization.
* “I believe this has exacerbated the polarization and extremist behavior we are seeing across society today,” Fink said in his 2022 letter to shareholders.
* Fink, whose firm oversees more than $10 trillion, said BlackRock has suspended the purchase of any Russian securities in its active or index portfolios.
Larry Fink, CEO and chairman of the world’s biggest asset manager, BlackRock, said Russia’s invasion of Ukraine has upended the world order that had been in place since the end of the Cold War.
“The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades,” Fink said in his 2022 letter to shareholders.
“It has left many communities and people feeling isolated and looking inward. I believe this has exacerbated the polarization and extremist behavior we are seeing across society today.”
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WNU Editor: It is not only globalization that is coming to an end. The security framework that has been in existence since the break-up of the Soviet Union will now need to be re-structured.
BlackRock's CEO Says The Russian - Ukraine War Marks The End Of Globalization
BlackRock CEO says Russian invasion of Ukraine has 'put an end' to globalization -- The Hill
BlackRock's Larry Fink says Ukraine war 'put an end' to globalization -- FOX News
BlackRock says Russia’s war in Ukraine is the end of globalization -- CNN
Ukraine crisis marks the end of globalization – BlackRock -- RT
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