Ukrainian President Volodymyr Zelenskyy is tapping Wall Street firms like BlackRock and JPMorgan to help garner private and public investments to rebuild Ukraine amid its war with Russia.
Through the Ukraine Development Fund, BlackRock and JPMorgan will “mobilize capital from private and public sector investors toward rebuilding the Ukrainian economy,” according to CNN, as financial investors admit they see the fund as a lucrative windfall.
“attract as much private sector capital into the reconstruction of Ukraine as possible,” said Brandon Hall, co-head of BlackRock’s Financial Markets Advisory arm.Wall Street’s involvement in helping to rebuild Ukraine comes as journalist James O’Keefe published footage of BlackRock employee Serge Varlay saying the country’s war with Russia is “good for business”
“I’ll give an example: Russia blows up Ukraine’s grain silos. The price of wheat is gonna go mad up … the Ukrainian economy is tied very largely to the wheat market, global wheat market,” Varlay said. “Prices of bread, you know, literally everything goes up and down. This is fantastic if you’re trading.”
“Volatility creates opportunity to make profit … war is real fucking good for business,” Varlay continued.“It’s not who the president is- it’s who’s controlling the wallet of the president”
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