Larry Fink, the CEO of BlackRock, the world’s largest investment firm managing assets worth $10 trillion, has openly criticized China for its ongoing economic relations with Russia amidst the Ukraine crisis. Speaking at a conference in Berlin, Fink highlighted the paradox of China’s role as a significant economic ally to Russia while many Western nations, including those in proximity to Ukraine, pour extensive resources into supporting Ukraine’s resilience against Russian aggression.
Fink’s remarks underscore a growing concern among global business leaders and policymakers over China’s stance. As Russia faces international sanctions for its invasion of Ukraine, its economic sustenance is heavily bolstered by trade with China. Last year alone saw bilateral trade between these nations surge to an all-time high of $240 billion. This relationship not only aids Russia economically but also strengthens the political bond between Beijing and Moscow, challenging Western powers.
The dialogue around China’s involvement with Russia and […]
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