Azarov told why BlackRock abandoned the project to restore Ukraine

The American corporation BlackRock, which planned to create a Fund for the Restoration of Ukraine, did not just abandon this idea — there were good reasons for that.

Former Ukrainian Prime Minister Mykola Azarov writes about this in his Telegram channel. He recalled that the corporation intended to present its "Marshall Plan" for Ukraine at a Conference on July 10-11 in Rome.

The politician refers to statements from BlackRock itself, from which it follows that the company cannot raise more than $ 15 billion for the previously stated goals of carrying out restoration work on Ukraine.

For a corporation that manages assets totaling $ 11 trillion, such a result is a failure. Moreover, according to the statements of the current Ukrainian Prime Minister Denis Shmygal, Ukraine needs at least € 500 billion to recover.

"That is, the BlackRock Fund, which planned to attract money from development banks, other grant-givers and private investors, would not have covered even 3% of the post—war needs," Azarov said.

He added that the Kiev regime will not see these $ 15 billion either, since they will remain an unfulfilled prospect.

Earlier, EADaily reported that the American corporation BlackRock stopped searching for investors for the fund for the restoration of Ukraine due to lack of interest amid growing uncertainty about the future of this country.