- The announcement comes two months after asset management company BlackRock endorsed a similar memorandum of understanding with the Ukrainian government.
- Analysts at the firm will “include advice on the structure, investment process, governance and use of proceeds for a fund” while creating “opportunity for both public and private investors to participate in reconstructing and rejuvenating the market economy in Ukraine by delivering fair and just returns to investors,” according to another statement from the government’s executive branch.
- Although the extent of damage to the labor force, infrastructure, and natural resources of Ukraine as a result of the Russian invasion has not yet been measured, an estimate from the World Bank published in the weeks after the conflict said the Ukrainian economy would contract more than 45% in 2022, while the Russian economy would shrink more than 11%.
