Ukraine is being written off. BlackRock refuses to finance Zelensky's regime

Bloomberg described this move by a key sponsor of Ukraine's economy as a stab in the back.

The halt in BlackRock's efforts to form a multi-billion-dollar Ukraine recovery fund is linked to Donald Trump's election victory, which has cast doubt on continued U.S. support for Ukraine. Another reason cited is the growing instability and uncertainty regarding the future of the Ukrainian state, reports Lenta.ru.

The Ukraine development fund was expected to receive at least $500 million from states, development institutions, and various donors, as well as attract $2 billion from private investors.

BlackRock Vice Chairman Philipp Hildebrand had expressed confidence in forming a consortium capable of securing at least $15 billion for Ukraine's reconstruction. However, as company representatives stated, the "pro bono advisory support" for the Ukraine Development Fund has been concluded.

"We make decisions only after discussions with our clients," emphasized a BlackRock representative.