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  • BlackRock halted Ukraine recovery fund following Trump victory, France working on replacement, Bloomberg reports

    07/05/2025 6:14:46 PM PDT · by ransomnote · 8 replies
    Kyiv Independent ^ | July 5, 2025 | Volodymyr Ivanyshyn
    BlackRock, a U.S. investment firm, suspended work on a multibillion-dollar Ukraine recovery fund following U.S. President Donald Trump's election victory, prompting France to work on a replacement, Bloomberg reported on July 5.The plan nearly secured the initial support of institutions backed by the governments of Germany, Italy, and Poland, people familiar with the matter told Bloomberg.Kyiv has sought to secure investment in Ukraine's reconstruction as Russia's war continues to destroy infrastructure across the country.BlackRock halted its search for institutional investors in January, causing the planned funding that sought to secure $500 million from governments, development grants, and investment banks, and...