Global asset manager BlackRock will coordinate investment in rebuilding Ukraine’s economy, Kyiv announced on Wednesday.
Following a meeting between President Volodymyr Zelenskyy and BlackRock CEO Larry Fink, the government confirmed that the Wall Street titan agreed to coordinate “the efforts of all potential investors and participants in the reconstruction of our country.” As a result of the agreement, BlackRock will channel capital into multiple sectors of the Eastern European country’s economy.
Since an initial meeting between Zelenskyy and Fink in September discussing the transfer of public and private investments into Kyiv, the two sides have been working on a comprehensive project advising the government “on how to structure the nation’s reconstruction funds.”…