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@NOELreportsBlackRock has halted its search for investors in Ukraine’s reconstruction due to uncertainty over the country’s future following Trump’s election victory — Bloomberg.
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BlackRock Halts $15 Billion Ukraine Recovery Fund Amid Post-Trump Uncertainty
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BlackRock Inc. has suspended its effort to raise money for the Ukraine Development Fund, a vehicle designed to finance the country’s post-war reconstruction, Bloomberg reported. The U.S. asset-management giant halted talks with institutional investors in January after appetite for the project waned amid mounting uncertainty over Kyiv’s prospects.
People familiar with the discussions said investor interest cooled following Donald Trump’s election and the prospect that Washington could curtail support for Ukraine. The United States had not committed any backing to the fund, even as entities linked to the governments of Germany, Italy and Poland were close to pledging support.
BlackRock had planned to unveil the fund at the Ukraine Recovery Conference in Rome on 10–11 July. The initiative sought to mobilize at least $15 billion of reconstruction capital, including around $500 million from governments, development banks and other grant providers and roughly $2 billion from private investors, according to earlier comments by BlackRock vice chair Philipp Hildebrand.
The firm completed its pro-bono advisory mandate for Kyiv in 2024 and is no longer working under any active engagement with the Ukrainian government, a spokesperson said. France is exploring an alternative mechanism to replace the stalled plan, though its viability remains unclear without U.S. participation.
The World Bank estimates that rebuilding Ukraine will cost more than $500 billion, underscoring the gap left by BlackRock’s withdrawal from the fundraising drive.
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DD Geopolitics
@DD_Geopolitics🇺🇸🇺🇦 BlackRock Halts Search for Investors in Ukraine Recovery Fund American investment giant BlackRock has stopped seeking investors for its Ukraine assistance fund, Bloomberg reports. According to the agency, interest in the project has faded due to “growing uncertainty about
@amuse
@amuseUKRAINE: BlackRock has suspended its search for investors for Ukraine's recovery fund due to a lack of interest. Even war profiteers want nothing to do with Zelensky… h/t @OlgaBazova
Olga Bazova
@OlgaBazovaBlackRock has suspended its search for investors for Ukraine's recovery fund due to a lack of interest, -- Bloomberg.
Lord Bebo
@MyLordBebo🇺🇸🇺🇦 BlackRock has suspended its search of investors for the Ukraine recovery fund due to lack of interest. -> Investors bet on Ukraine’s loss.
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•Latest version
BlackRock Halts $15 Billion Ukraine Recovery Fund Amid Post-Trump Uncertainty
BlackRock Shelves $15 Billion Ukraine Reconstruction Fund Amid Investor Hesitancy
•Original version
BlackRock Halts Investor Drive for Ukraine Recovery Fund After Trump Win
