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| The Capitalists Are Circling Over Ukraine |
| 2023-08-26 |
| [UnHerd] Two weeks ago, thousands of representatives from businesses and governments from across the world gathered in London to "support Ukraine’s recovery". But was the gathering of all those Western corporate elites at the Ukraine Recovery Conference entirely altruistic? There are, after all, massive profit opportunities being created by the war. Last year, the Ukrainian government essentially outsourced the entire post-war "reconstruction" process to BlackRock, the world’s largest asset management firm. They signed an agreement to "provide advisory support for designing an investment framework, with a goal of creating opportunities for both public and private investors to participate in the future reconstruction and recovery of the Ukrainian economy". In February, J.P. Morgan was brought on board as well. The two banks will run the Ukraine Development Fund, which aims to raise private investment in projects potentially worth hundreds of billions of dollars across sectors including tech, natural resources, agriculture and health. BlackRock and J.P. Morgan are donating their services, but, as the Financial Times noted, "the work will give them an early look at possible investments in the country". The opportunities are significant, particularly in the agricultural sector: Ukraine is home to a quarter of the world’s chernozem ("black earth"), an extraordinarily fertile soil, and before the war it was world’s top producer of sunflower meal, oil and seed, and one of the biggest exporters of corn and wheat. |
| Posted by:Besoeker |
| #1 the Ukrainian government essentially outsourced the entire post-war "reconstruction" process to BlackRock IMO, post war Ukraine will have a very different (though just as much Ukrainian as the current - Russians been playing these games a lot longer than the Americans) government. |
| Posted by: Grom the Kindly 2023-08-26 12:26 |