Press releases or official statements from the financial institutions

BlackRock and JPMorgan Back $15 Billion Fund to Rebuild Ukraine Amid $20 Billion Debt Restructuring, $500 Billion Cost

Nov 22, 2024, 03:37 AM

Recent developments indicate significant financial involvement from major investment firms in the reconstruction of Ukraine following the ongoing conflict. BlackRock and JPMorgan are spearheading a $15 billion investor fund aimed at rebuilding efforts, which has raised concerns about the motivations behind these investments, particularly in light of the fact that only 38% of Ukrainians currently support the war. Additionally, the Rothschild family is reportedly facilitating the restructuring of over $20 billion of Ukraine's debt, coordinating meetings between Kyiv officials and prominent investment firms, including BlackRock and Amundi. The total estimated cost for rebuilding Ukraine could exceed $500 billion, raising questions about the allocation of U.S. taxpayer funding and the interests of wealthy elites in the region's recovery.