By Le Figaro with AFP
Posted 1 hour ago, updated 52 minutes ago
Dutch Prime Minister Mark Rutte (left) with BlackRock CEO Laurence Fink. FABRIC COFFRINI / AFP
According to the American businessman, the financial requirements for reconstruction and aid for the country amount to 750 billion dollars.
Investors will “flood” Ukraine after the war with Russia, Larry Fink, chief executive of American wealth management giant BlackRock, said Thursday, judging the country “can turn the power of capitalism into a beacon for the rest of the world.” With a “relatively early” end to the war, he estimated that $750 billion would be needed to rebuild and aid the country.
“Those who truly believe in a capitalist system will flood Ukraine with capital,” the head of the world’s leading wealth management firm continued. “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 of capitalism’s might for the rest of the world,” he said.
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The US chief said he spoke to Ukrainian President Volodymyr Zelenskyy to express his group’s interest in reconstruction. He also claimed to have said to Zelenskyy: “If you hire us, we will not create new oligarchs, but a new Ukraine”. In September, the World Bank estimated the financial requirements for the reconstruction of Ukraine at $349 billion, but these figures will be revised significantly upwards in the coming weeks, the head of the department recently told the AFP news agency.
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