News > Ukraine war put an end to globalization, says world's largest fund manager 

Ukraine war put an end to globalization, says world's largest fund manager 

Russia's invasion of Ukraine has ended globalization as we know it, said the head of BlackRock, the world's largest asset manager.

BlackRock CEO Larry Fink told shareholders in a letter on Thursday that Russia's "decoupling from the global economy" following its assault on Ukraine has caused governments and companies to examine their reliance on other nations.