1、2021 Annual ReportInvesting with purposeAs I write this letter to you,the world is undergoing a transformation:Russias brutal attack on Ukraine has upended the world order that had been inplace since the end of the Cold War,more than 30 years ago.Theattack on a sovereign nation is something we have
2、not seen inEurope in nearly 80 years and most of us never imagined that in our lifetimes we would see a war like this waged by a nuclear superpower.I speak for everyone at BlackRock when I say that witnessing Russias invasion of Ukraine has been truly heartbreaking.We stand with the Ukrainian people
3、,who have shown true heroism in the face of merciless aggression.War is always a humanitarian tragedy,but the indiscriminate killing of civilians has been particularly painful to witness.I am proud of BlackRocks support for refugees fleeing their homes.In consultation withour stakeholders,BlackRock
4、has also joined the global effort to isolate Russia from financial markets.In the past fewweeks,BlackRock mobilized a philanthropic response to help those in need and support our colleagues in Europe,closest to the war.While we do not have offices or operations in Russia or Ukraine,Iknow that this h
5、ascreated a great deal of stress and uncertainty for all of our employees,particularly those in Europe,and we have worked to provide them with the resources they need.The ramifications of this war are not limited to Eastern Europe.They are layered on top of a pandemic that has already had profound e
6、ffects on political,economic,and social trends.The impact will reverberate for decades to come in ways we cant yet predict.I speak for everyone at BlackRock when I say that witnessing Russias invasion of Ukraine has been truly heartbreaking.We stand with the Ukrainian people,who have shown true hero