{"id":1789690,"date":"2022-12-29T12:17:58","date_gmt":"2022-12-29T17:17:58","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1789690"},"modified":"2022-12-29T12:18:15","modified_gmt":"2022-12-29T17:18:15","slug":"blackrock-and-ukraine-join-forces-to-manage-investments-for-the-countrys-recovery","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blackrock-and-ukraine-join-forces-to-manage-investments-for-the-countrys-recovery\/","title":{"rendered":"BlackRock And Ukraine Join Forces To Manage Investments For The Country\u2019s Recovery"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fblackrock-and-ukraine-join-forces-to-manage-investments-for-the-countrys-recovery%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1789690&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p><a href=\"http:\/\/dailywire.com\/topic\/ukraine\" target=\"_blank\" rel=\"noopener\">Ukrainian<\/a> President <a href=\"https:\/\/www.dailywire.com\/topic\/volodymyr-zelensky\" target=\"_blank\" rel=\"noopener\">Volodymyr Zelensky<\/a>  <a href=\"http:\/\/dailywire.com\/topic\/blackrock\" target=\"_blank\" rel=\"noopener\">BlackRock<\/a> Larry Fink, CEO, revealed that the company&#8217;s asset manager will coordinate investments for rebuilding the troubled nation.<\/p>\n<p>Zelensky met Fink virtually Wednesday to discuss this initiative. They agreed to concentrate on coordination. \u201cefforts of all potential investors and participants in the reconstruction\u201d Channeling and directing \u201cinvestment into the most relevant and impactful sectors of the Ukrainian economy,\u201d According to a <a href=\"https:\/\/www.president.gov.ua\/en\/news\/prezident-obgovoriv-z-generalnim-direktorom-blackrock-koordi-80105\" target=\"_blank\" rel=\"noopener\">readout<\/a> Published by Zelensky&#8217;s office, which also revealed that BlackRock executives are scheduled to visit Ukraine sometime in the new year.<\/p>\n<p>An earlier <a href=\"https:\/\/www.president.gov.ua\/en\/news\/volodimir-zelenskij-i-golova-blackrock-obgovorili-zaluchenny-77861\" target=\"_blank\" rel=\"noopener\">press release<\/a> from Zelensky\u2019s office described aid from BlackRock as \u201cpro bono.\u201d The firm&#8217;s analysts will \u201cinclude advice on the structure, investment process, governance and use of proceeds for a fund\u201d When creating \u201copportunity 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.\u201d<\/p>\n<p>BlackRock Financial Markets Advisory, and the Ukrainian Ministry of Economy signed a <a href=\"https:\/\/www.blackrock.com\/corporate\/newsroom\/press-releases\/article\/corporate-one\/press-releases\/blackrock-financial-markets-advisory-to-advise-ministry-of-economy-of-ukraine\" target=\"_blank\" rel=\"noopener\">memorandum of understanding<\/a> Last month, we presented the arrangements.<\/p>\n<p>\u201cWe\u2019ve shown that we know how to win on the battlefield. Another important task for us is to achieve victories in the economy as well, and to be an attractive country for investors,\u201d Zelensky spoke earlier this year. \u201cThe investment attractiveness of our country is of particular importance. It\u2019s important to me that a structure like this be successful for all parties involved. We are capable, and we want to restore a normal investment climate.\u201d<\/p>\n<p>Officially, the damage to Ukraine&#8217;s infrastructure and labor force as a result the invasion has not yet been measured. <a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2022\/04\/10\/russian-invasion-to-shrink-ukraine-economy-by-45-percent-this-year\" target=\"_blank\" rel=\"noopener\">estimate<\/a> According to the World Bank, the Ukrainian economy will contract by more than 45% in the next year. The Russian economy is expected to shrink by more than 11%.<\/p>\n<p>\u201cThe magnitude of the humanitarian crisis unleashed by the war is staggering. The Russian invasion is delivering a massive blow to Ukraine\u2019s economy and it has inflicted enormous damage to infrastructure,\u201d Anna Bjerde, Vice President of the World Bank for Europe and Central Asia, made these remarks in a statement. \u201cUkraine needs massive financial support immediately as it struggles to keep its economy going and the government running to support Ukrainian citizens who are suffering and coping with an extreme situation.\u201d<\/p>\n<p>Zelensky was <a href=\"https:\/\/www.dailywire.com\/news\/ukrainian-president-volodymyr-zelensky-named-times-person-of-the-year\" target=\"_blank\" rel=\"noopener\">named<\/a> Time Magazine\u2019s Person of the Year and recently <a href=\"https:\/\/www.dailywire.com\/news\/political-theater-trumps-peace-as-starstruck-uniparty-fawns-over-zelensky\" target=\"_blank\" rel=\"noopener\">delivered<\/a> A February joint address in front of the United States Congress was a highlight that rose to international attention. As he leads the war-torn country, many officials initially predicted that it would be destroyed by its neighbor in a matter of weeks, he has been admired by celebrities and Western lawmakers.<\/p>\n<p>BlackRock, which oversees assets worth more than $8 trillion, has in the meantime <a href=\"https:\/\/www.dailywire.com\/news\/blackrock-executive-grilled-by-texas-lawmakers-over-esg-and-climate-agendas\" target=\"_blank\" rel=\"noopener\">gained notoriety<\/a> in the United States amid the company\u2019s support of the environmental, social, and governance movement, also known as ESG. As critics claim that the movement pushes political and social causes in a way that exposes investors, state officials and other market players have pulled investment from BlackRock. BlackRock has implemented \u201cvoting action on climate issues\u201d A stewardship agreement was signed against dozens upon dozens of portfolio businesses <a href=\"https:\/\/www.blackrock.com\/corporate\/literature\/publication\/our-commitment-to-sustainability-full-report.pdf\" target=\"_blank\" rel=\"noopener\">report<\/a> Publication date: Two years ago<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ukrainian President Volodymyr Zelensky and BlackRock CEO Larry Fink revealed that the asset management company will coordinate investments to rebuild the embattled nation. Zelensky and Fink met virtually on Wednesday to discuss the initiative, agreeing to focus on coordinating the \u201cefforts of all potential investors and participants in the reconstruction\u201d and channeling \u201cinvestment into the &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1789693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[7002,10331,6202,3945,12390,12391,12136,6991,6195],"class_list":["post-1789690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-blackrock","tag-countrys","tag-daily","tag-forces","tag-investments","tag-manage","tag-recovery","tag-ukraine","tag-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1789690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1789690"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1789690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1789693"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1789690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1789690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1789690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}