BlackRock Halts Investment Search for Ukraine Recovery Fund
One of the largest investment firms globally, BlackRock Inc., has announced it will stop looking for investors for the Ukraine recovery fund after the US presidential elections in early 2025.
According to Bloomberg, in January 2025, BlackRock decided to halt discussions with potential investors due to declining interest amid increasing uncertainty about Ukraine's future following Donald Trump's victory.
Reportedly, in December 2024, the US was notably absent from the list of sponsors, contributing to the decision to pause the initiative.
The Ukraine development fund aimed to attract at least $500 million from international partners and $2 billion from private investors.
Overall, the fund was expected to gather a minimum of $15 billion for the country's reconstruction.
It was scheduled to be presented at a conference in Rome from July 7 to 11, with support from the governments of Germany, Italy, and Poland.
A representative from BlackRock stated that the company completed its pro bono advisory work on the Ukraine development fund in 2024 and is not currently involved in any active mandates with the Ukrainian government.
Meanwhile, France is reportedly working on a proposal for a new fund to replace the canceled BlackRock initiative.
