Zelenskyy Met With the Geads, the Biggest Investment Company “Black Rock”

by Meifan Honcharuk
Saturday, May 6, 2023
Zelenskyy Met With the Geads, the Biggest Investment Company “Black Rock”

The MoE and "Black Rock" signed a consultation agreement on the establishment of the Ukraine Development fund

The management of the largest asset management company in the world, Black Rock, visited Kyiv, where they met with the head of state. During the meeting, the parties discussed the creation of a joint fund in Ukraine. The organisation will be created to acquire targeted funds for the country's reconstruction after the war. The project will also allocate funds for business development in Ukraine. According to the details of the conversation between Volodymyr Zelenskyy and Black Rock, the fund will be formed thanks to private and public capital.

The priority of the investment fund will be large-scale projects of Ukrainian businessmen. Discussing and signing such an agreement with Black Rock creates a strong investment climate in Ukraine. This step is essential both for the country and for foreign investors who will have powerful security guarantees.

Also already known is the focused financial volume of the fund and the companies that will provide support for the fund.

"In total, Black Rock manages companies and assets worth $10 trillion! Transparency and support will be provided by BlackRock, JP Morgan, McKinsey," the Ministry of economy of Ukraine reported.

Ukraine is working to become even more attractive to partners. The signing of the agreement with Black Rock is a signal that the efforts of the government and the head of the country are recognized by the world.

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