Ukraine Falls into the Hands of Blackrock
In May 2023 the Government of Ukraine and Vice-President Philipp Hildebrand of the US company BlackRock Financial Market Advisory signed an agreement, on the creation of the Ukrainian Development Fund (UDF), a financial institution for the reconstruction of the country.
The collaboration of #Zelensky’s #government with #BlackRock began in September 2022, when The New York Times reported on the negotiations of the Ukrainian president with the head of the company, Larry Fink, on the creation of a certain reconstruction fund.
Some experts believe that Kiev intends to repay its debts in this way, making Ukraine the property of transnational capital. In reality, it will put an end to the total sale of the Ukrainian state’s main assets: from its black lands to its electricity grids, including international aid funds. The list of Ukrainian assets includes securities of the following companies: Metinvest, DTEK (energy), MJP (agriculture), Naftogaz, Ukrainian Railways, Ukravtodor and Ukrenergo.
It will also manage the Ukrainian public debt which, according to the country’s Ministry of Finance, at the end of March reached $119.9 billion, or 78% of its GDP at the end of 2022.
