On July 5th, Bloomberg reported that a BlackRock-administered multibillion-dollar fund for Kiev’s reconstruction, due to be unveiled at a dedicated Ukraine Recovery Conference in Rome July 10th/11th, had been placed on hold at the start of 2025 “due to a lack of interest” among institutional, private, and state financiers. The summit is over, lack of investor enthusiasm persists, and “the project’s future is now uncertain.” It’s just the latest confirmation the West’s long-running mission to carve up Ukraine for profit verges on total disintegration.

BlackRock’s Ukraine Development Fund has been in the works since May 2023. It was originally envisaged as one of the most ambitious public-private finance collaborations in history, which would rival Washington’s Marshall Plan that rebuilt – and heavily indebted – Western Europe in World War II’s wake.

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