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Investors ready to 'flood' Ukraine, says BlackRock boss

2023-01-19T15:29:35.343Z


The financial needs for reconstruction and aid to the country would be 750 billion dollars according to the American businessman.


Investors will "

flood

" Ukraine after the war with Russia, said Thursday Larry Fink, the boss of the American asset management giant BlackRock, judging that the country can become "

a beacon for the rest of the world from the power of capitalism

".

If the war ended "

relatively early

", the financial needs for reconstruction and aid to the country would be 750 billion dollars, he estimated.

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"

Those who truly believe in a capitalist system will flood Ukraine with capital

," continued the leader of the world's number one asset management company.

I'm not talking about philanthropy.

There will be a lot of philanthropy.

I'm really talking about the fact that if you want to rebuild Ukraine, it can become a beacon for the rest of the world of the power of capitalism

,” he said.

Read alsoWar in Ukraine: some 17 billion dollars in losses on Russia for BlackRock

The American boss claimed to have spoken with Ukrainian President Volodymyr Zelensky to express his group's interest in reconstruction.

He also claimed to have told Zelensky: “

If you hire us, we will not create new oligarchs, but a new Ukraine

”.

The financial needs for the reconstruction of Ukraine were assessed in September by the World Bank at 349 billion dollars, but these figures will be significantly revised upwards in the coming weeks, the head of the department told AFP recently. institution for Europe.

Source: lefigaro

All news articles on 2023-01-19

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