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BlackRock Halts Ukraine Recovery Fund Talks Amid Donald Trump's Election Victory
BlackRock Inc. halted its search for investors to back a multibillion-dollar Ukraine recovery fund earlier this year after Donald Trump's election victory led to a US souring on eastern Europe.
BlackRock Inc. halted its search for investors to back a multibillion-dollar Ukraine recovery fund earlier this year after Donald Trump's election victory saw the US sour on the eastern European country. The halt was reportedly due to concerns that the US would be less committed to supporting the fund once Trump took office. As a result, BlackRock decided it was no longer worth pursuing investments in the project. The decision came ahead of scheduled talks with Ukraine and international partners.
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