"BlackRock Halted Ukraine Fund Talks After Trump’s Election Win
Jenny Leonard, Donato Paolo Mancini and Leonard Kehnscherpe
(Bloomberg) -- 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, people familiar with the discussions said.
The fund, meant to be unveiled at next week’s
Ukraine Recovery Conference in Rome, was close to securing initial
support from entities backed by the governments of Germany, Italy and
Poland, the people said, declining to be identified discussing private
information.
However, in January, BlackRock
decided to pause talks with institutional investors due to a lack of
interest amid increased uncertainty over Ukraine’s future.
Donald Trump ran his reelection campaign on a promise to immediately end
the war in Ukraine and bring the country’s president, Volodymyr
Zelenskiy, and Russian counterpart Vladimir Putin together for peace
talks.
Since his inauguration at the start of the year,
the US president has clashed with both men and issued inconsistent
proposals for a path forward, while indicating an end to US military
support for Ukraine.
The US government was a notable absence from the fund’s backers in December..."
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Apparently the investors were well aware that Trump's peace efforts would crash. Worse, they have bleak expectations about Ukraine's future and maybe doubt that with Trump in the White House, Ukraine will continue to exist.
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