The Moscow Times
U.S. asset management giant BlackRock pulled more than $100 million from its Russian investments over a seven-day period beginning last week, Prime reported Friday.The amount is about a third of the investment that BlackRock, the world’s largest money manager, has in Russia, Prime said, citing figures from Emerging Portfolio Fund Research. As of Sept. 30, the firm had $4.096 trillion under management.
Money has been flowing out of Russia in recent weeks.
Between Nov. 13 and Nov. 20, investment funds withdrew $130 million from the country, and during the seven days prior to that $225 million was pulled, Prime reported.