The international investment company BlackRock has suspended work on the creation of a multi-billion dollar fund for the post-war reconstruction of Ukraine. This decision was made after Donald Trump was re-elected as President of the United States in November 2024. BlackRock’s advisory support for Ukraine ended in 2024, and by January 2025, the company had completely halted negotiations with potential institutional investors due to political uncertainty.
This is reported by Finway
Fund Plans and Impact of Political Changes
The fund for Ukraine’s recovery was expected to be presented at the Ukraine Recovery Conference, scheduled to take place on July 10-11 in Rome. At the time negotiations were suspended, the project had received initial support from government entities in Germany, Italy, Poland, and several private investors. Organizers planned to raise over $15 billion for the reconstruction of Ukrainian infrastructure. However, following Trump’s victory, the U.S. government decided not to participate in this initiative, jeopardizing the fund’s implementation. Currently, France is working on an alternative fund project, but without U.S. involvement, its prospects remain uncertain.
Background for Creation and Expert Advice
The idea of establishing the Ukraine Development Fund was first publicly announced in 2023. The initiative aimed to attract funding from international development banks, donor organizations, and private capital to support the country’s post-war reconstruction.
“Canada’s Ambassador to Ukraine, Natalka Tsymok, advised Ukraine at the International Invest Summit: Jazz Business 2025 to create international consortiums to attract investment for reconstruction.”