The international investment company BlackRock has suspended work on the creation of a multi-billion dollar fund for the reconstruction of Ukraine following the announcement of the results of the U.S. presidential election, in which Donald Trump won in November 2024. By the end of 2024, the company had completed consultations with the Ukrainian side on a pro bono basis, and in January 2025, it ceased negotiations with institutional investors due to rising political uncertainty.
This is reported by Business • Media
Ukraine Recovery Fund Left Without U.S. Support
It was expected that the fund for the reconstruction of Ukrainian infrastructure would be presented at the Ukraine Recovery Conference, which will take place on July 10-11 in Rome. The project had received preliminary support from the governments of Germany, Italy, Poland, as well as several private investors. It was planned to raise over 15 billion dollars for the post-war reconstruction of the country. However, after Trump’s victory, the U.S. government did not join this initiative, which affected the further implementation of the plan.
Alternatives and Prospects for Reconstruction Funding
Currently, France is working on creating an alternative fund to support Ukraine, but without U.S. participation, the prospects for attracting significant investments remain uncertain. The idea of establishing the Ukraine Development Fund was first proposed back in 2023 with the aim of attracting funding from international development banks, donor organizations, and private businesses.
“After Trump’s victory, the U.S. government did not join the initiative.”
The Canadian Ambassador to Ukraine, Natalka Tsmoch, emphasized the importance of forming international consortiums to attract investments for the reconstruction of Ukraine during the International Invest Summit: Jazz Business 2025.