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Zelenskyy, BlackRock CEO Fink agree to coordinate Ukraine investment

Volodymyr Zelenskiy, Ukraine’s president, meets with US President Joe Biden within the Oval Office of the White House in Washington, DC, US, on Wednesday, Dec. 21, 2022.

Oliver Contreras | Bloomberg | Getty Images

Ukrainian President Volodymyr Zelenskyy and BlackRock CEO Larry Fink agreed to coordinate investment in rebuilding Ukraine, Kyiv introduced Wednesday following a meeting between the 2 males.

A readout from the Ukrainian president’s official website mentioned Zelenskyy and Fink had “agreed to focus in the near term on coordinating the efforts of all potential investors and participants in the reconstruction of our country, channelling investment into the most relevant and impactful sectors of the Ukrainian economy.”

BlackRock Financial Markets Advisory and the Ukrainian Ministry of Economy signed a memorandum of understanding in November, after Fink and Zelenskyy met in September to focus on driving private and non-private investments into Ukraine to rebuild the nation after Russia’s extremely damaging invasion.

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BlackRock, one of many world’s largest investment managers, has been offering “advisory support for designing an investment framework, with a goal of creating opportunities for both public and private investors to participate in the future reconstruction and recovery of the Ukrainian economy,” the company mentioned in a press release final month. BlackRock had no additional assertion at this stage.

Zelenskyy final week visited Washington, D.C., to meet with U.S. President Joe Biden and ship an deal with to Congress, because the U.S. House of Representatives gave last approval on Friday to a $45 billion help bundle for Ukraine.

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