Corporate America seems to have quite the vendetta against Russia. BlackRock CEO Larry Fink put out a letter Thursday in which he addressed shareholders regarding his company’s opinion and response to the ongoing invasion of Ukraine. The CEO of the world’s largest asset manager took an emphatic stance in favor of Ukraine against Russia, claiming he finds it “particularly painful to witness” due to the “indiscriminate killing of civilians.”
Fink went on to boast that in consultation with what he calls the company’s ‘stakeholders’ BlackRock has “joined the global effort to isolate Russia from financial markets.”
War is always a humanitarian tragedy, but the indiscriminate killing of civilians has been particularly painful to witness. I am proud of BlackRock’s support for refugees fleeing their homes. In consultation with our stakeholders, BlackRock has also joined the global effort to isolate Russia from financial markets. In the past few weeks, BlackRock mobilized a philanthropic response to help those in need and support our colleagues in Europe, closest to the war. While we do not have offices or operations in Russia or Ukraine, I know that this has created a great deal of stress and uncertainty for all of our employees, particularly those in Europe, and we have worked to provide them with the resources they need.