Clean Break: the company completely halting Russian engagements or exiting Russia
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BlackRock
BlackRock
Blackrock Inc. is an international investment company headquartered in New York.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalGlob.Revenue, mln.USD
17859
Investments, mln.USD
17000
Due to market closures and sanctions, BlackRock was forced to write down the value of its Russian assets by $17 billion. There is no information about the sale of assets. Russian brokerage Finam will offer structured notes tied to BlackRock’s Bitcoin ETF, targeting qualified investors amid unclear crypto regulations in Russia.
The Company Statement
September 09, 2022
Suspended the purchase of all Russian securities in its active and index funds. BlackRock continues to consult with regulators, index providers and other market participants to help our funds to exit their positions in Russian securities, consistent with removal of the securities from applicable underlying indexes, whenever and wherever regulatory and market conditions allow. BlackRock will continue to manage its funds as a fiduciary, taking a disciplined, pragmatic and adaptable approach to reflecting index changes, while remaining in compliance with all sanctions.
| February 13, 2025 | Russian brokerage Finam to offer notes tied to BlackRock Bitcoin ETF |
| October 02, 2024 | BlackRock's CEO says China is the biggest supporter of Russia's economy amid the Ukraine war |
| May 16, 2024 | The court deprived BlackRock of the right to participate in Vysochaishey shareholder meetings until the end of the year |
| October 11, 2023 | BlackRock sells 'limited' number of holdings in defunct Russia ETF |
| August 04, 2022 | BlackRock to Shutter Russia ETF That Once Held $800 Million |
| May 20, 2022 | BlackRock's iShares to close MSCI Russia, eastern Europe funds due Ukraine |
| March 14, 2022 | BlackRock funds suffer $17bn losses on Russia exposure |
| March 12, 2022 | BlackRock Russia exposure down $17 billion since February, company data shows |
| March 11, 2022 | BlackRock funds just lost $17 billion due to Russian exposure. That’s just the tip of the iceberg, as Western banks are owed $121 billion by Russian entities |
| March 11, 2022 | BlackRock funds just lost $17 billion due to Russian exposure. That’s just the tip of the iceberg, as Western banks are owed $121 billion by Russian entities |
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