BlackRock Inc. Halts Ukraine Recovery Fund Investor Search
One of the largest investment firms in the world, BlackRock Inc., announced it has halted its search for investors for the Ukraine recovery fund after the U.S. presidential elections in early 2025.
This information was reported by Bloomberg.
In January 2025, following Donald Trump's victory in the presidential elections, BlackRock decided to pause negotiations with potential investors regarding the investment fund for Ukraine's recovery due to a lack of interest amid growing uncertainty about the country's future.
According to the publication, the U.S. government was noticeably absent among the fund's sponsors in December 2024.
The Ukraine Development Fund was aiming to attract at least $500 million from countries, development banks, and other grant providers, as well as $2 billion from private investors.
In the long run, the fund hoped to raise at least $15 billion for Ukraine's recovery.
The fund was scheduled to be presented at the Ukraine Recovery Conference in Rome next week (July 7-11). The governments of Germany, Italy, and Poland were expected to support this initiative, Bloomberg reports.
A representative from BlackRock stated that the company completed its pro bono consulting work for the Ukraine Development Fund in 2024 and is currently not involved in any "active mandates" with the Ukrainian government.
Moreover, it has been reported that France is working on a proposal for a fund that would replace the canceled BlackRock initiative.
