During a video call this week, BlackRock CEO Larry Fink and Ukrainian President Volodymyr Zelensky decided to coordinate investment efforts to rebuild Ukraine.
On Wednesday, the news was announced by Zelensky's office. It happened after the economic minister of Ukraine agreed to collaborate with BlackRock to develop an investment framework in a memorandum of understanding that was signed in November.According to a readout of the call from Zelensky's office, "Volodymyr Zelenskyy and Larry Fink agreed to focus in the short term on coordinating the efforts of all potential investors and participants in the reconstruction ...of our country, channeling investment into the most relevant and impactful sectors of the Ukrainian economy."
Zelensky and Fink earlier talked in September, and Kyiv also disclosed that certain BlackRock executives will go to Ukraine in 2019.
Marc Bubeck, a spokesperson for BlackRock, postponed comment until after the business announced the memorandum of agreement last month.Over the weekend, the Russian invasion of Ukraine entered its eleventh month, and the Ukrainian government has expressed optimism for a peace meeting by the end of February.
Russia specifically targeted Ukraine's energy infrastructure in recent weeks as lower temperatures approached at the start of winter, causing extensive damage to towns all around the nation.
In November, the Kyiv School of Economics calculated that the damages totaled $135.9 billion.
On Wednesday, the news was announced by Zelensky's office. It happened after the economic minister of Ukraine agreed to collaborate with BlackRock to develop an investment framework in a memorandum of understanding that was signed in November.According to a readout of the call from Zelensky's office, "Volodymyr Zelenskyy and Larry Fink agreed to focus in the short term on coordinating the efforts of all potential investors and participants in the reconstruction ...of our country, channeling investment into the most relevant and impactful sectors of the Ukrainian economy."
Zelensky and Fink earlier talked in September, and Kyiv also disclosed that certain BlackRock executives will go to Ukraine in 2019.
Marc Bubeck, a spokesperson for BlackRock, postponed comment until after the business announced the memorandum of agreement last month.Over the weekend, the Russian invasion of Ukraine entered its eleventh month, and the Ukrainian government has expressed optimism for a peace meeting by the end of February.
Russia specifically targeted Ukraine's energy infrastructure in recent weeks as lower temperatures approached at the start of winter, causing extensive damage to towns all around the nation.
In November, the Kyiv School of Economics calculated that the damages totaled $135.9 billion.
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Ukraine War News