BlackRock CEO Larry Fink last week declared that by invading Ukraine, Russia has “upended” the globalist “world order that has been in place since the Cold War” in a letter to the corporation’s shareholders.
Fink wrote that “the world is undergoing a transformation: Russia’s brutal attack on Ukraine has upended the world order that had been in place since the end of the Cold War, more than 30 years ago.”
“The ramifications of this war are not limited to Eastern Europe. They are layered on top of a pandemic that has already had profound effects on political, economic, and social trends. The impact will reverberate for decades to come in ways we can’t yet predict,” he continued.
“In the early 1990s, as the world emerged from the Cold War, Russia was welcomed into the global financial system and given access to global capital markets. In time, Russia became interconnected with the world and deeply linked to Western Europe,” Fink said.
Fink wrote that the planet previously benefited from “a global peace dividend and the expansion of globalization,” but now Russia has upturned decades of progress.
According to Fink, Russia has “put an end to the globalization we have experienced over the last three decades” by invading Ukraine.
Fink lauded the United States and Western nations for moving in lockstep to hit Russia with sanctions in an effort to wage an “economic war” on Russia, ousting the nuclear power from the global economic system, and assured his shareholders that his corporation will continue to try and hurt Russia.
“BlackRock has been committed to doing our part,” wrote Fink. “We moved quickly to suspend the purchase of any Russian securities in our active or index portfolios,” he explained, “Over the past few weeks, I’ve spoken to countless stakeholders, including our clients and employees, who are all looking to understand what could be done to prevent capital from being deployed to Russia.”
By openly stating that the Russian-Ukraine war has “upended” the current world order, Fink’s letter could serve as further evidence that the western globalist elite class run the risk of losing their hegemonic global status.
As Valiant News reported on March 10, the World Economic Forum, a shadowy organization headed by billionaire Klaus Schwab, officially severed ties with all Russian entities and individuals over the ongoing Ukraine-Russia conflict.
Among these sanctioned individuals would be the President of Russia himself, Vladimir Putin, a prominent affiliate of the organization and participant in their controversial Young Global Leaders program.
On the heels of the dramatic Russia-WEF severance, Open Society Foundations founder and billionaire globalist George Soros wrote a lengthy op-ed titled Vladimir Putin and the Risk of World War III for Project Syndicate, in which he called for Russian Vladimir Putin and Communist Chinese President Xi Jingping be “removed from power” over the conflict in Ukraine.
Russia invaded Ukraine last month after a years long standoff over the disputed Donbass region. Russia claims it launched a “special military operation” to protect ethnic Russians from Ukrainian state violence, while Ukraine and much of the international community say the attack was unprovoked.
