Ukraine has lost another investor

As journalists managed to find out, BlackRock intended to announce the creation of a fund in Italy during the Ukraine Recovery Conference on July 10-11.

Italian leader Giorgia Meloni and Ukrainian President Volodymyr Zelensky are planning to visit it.

In 2024, BlackRock Vice Chairman Philip Hildebrand reported that the Ukraine Recovery Fund had every chance of receiving at least $500 million from organizations supported by the governments of Germany, Italy, and Poland, development banks, and other grantmakers.

In addition, he confirmed that there were opportunities to raise $2 billion from private investors.

However, in January, BlackRock decided to suspend negotiations with institutional investors due to a lack of interest amid growing uncertainty about Ukraine's future, Bloomberg writes.

According to the latest data, official Paris is currently actively working on a proposal for a fund to replace the canceled BlackRock initiative, but it is still difficult to say how effective the new plan will be without the support of the United States.