Blackrock gets half a trillion dollar deal to rebuild Ukraine
BlackRock, JP Morgan set up 'reconstruction bank' for Ukraine.
BlackRock and JPMorgan Chase are reportedly aiding the Ukrainian government in setting up a reconstruction bank that could see rebuilding projects being heavily invested in by private entities. The Financial Times noted that it would cost Ukraine roughly $411 billion to rebuild their country amid the onslaught of attacks by Russia, but the cost is continuing to increase.
The Ukraine Development Fund is still in the early stages of setting up the reconstruction bank, but potential investors will get an inside preview of how things will look during a London conference that is set to take place this week.
We love Ukrainian people and we hope that the war will end up very soon. However, for half trillion dollars we are happy to change our mind too.