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BlackRock Halts Purchases of Russian Securities Across Funds

  • World’s largest asset manager says policy took effect Feb. 28
  • Firm earlier made trade in shares of Russian miner Polymetal
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More Companies Are Cutting Ties With Russia Amid Ukraine War
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BlackRock Inc., the world’s biggest asset manager, halted purchases of Russian securities across its actively managed and index funds following the Ukraine invasion.

The suspension took effect Monday, and the firm is pressing index providers to remove the securities from broad-based benchmarks, New York-based BlackRock said Thursday in an emailed statement.