Kyiv, New York – November 16, 2022 – BlackRock Financial Markets Advisory (“BlackRock FMA”) and the Ministry of Economy of Ukraine (“MoE”) have signed a Memorandum of Understanding (MoU) whereby BlackRock FMA will 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.
As part of the agreement, signed on November 10, 2022, in Washington, D.C., BlackRock FMA will advise the MoE on establishing a roadmap for the investment framework’s implementation, including identifying design choices for the envisioned setup, structure, mandate and governance.
The MoU formalizes the discussions the President of Ukraine, Volodymyr Zelenskyy, and the Chairman and CEO of BlackRock, Larry Fink, held in September on the possibilities of driving public and private investments into Ukraine. The discussions were initially arranged by Andrew Forrest, founder of the Fortescue Metals Group, who Mr. Fink said was instrumental in facilitating the first meeting between BlackRock FMA and the Ukrainian government.
BlackRock FMA provides industry-leading expertise in investment and asset management, risk management and technology, and has broad experience advising official sector clients on capital markets topics. The group is a distinct business within the firm, separate and independent from BlackRock’s traditional asset management business.
Media Contact
Marc Bubeck
marc.bubeck@blackrock.com
+49 (69) 505 003 072
