One of the largest investment firms in the world, BlackRock Inc., has decided to cease the search for investors for the Ukraine recovery fund at the beginning of 2025 after Donald Trump won the presidential elections.

This was reported by Bloomberg.

In January 2025, following Trump's victory, BlackRock announced it was suspending discussions with investors regarding the investment fund aimed at Ukraine's recovery due to a lack of interest amidst increasing uncertainty about Ukraine's future.

The publication noted that in December 2024, the U.S. government was noticeably absent among the fund's sponsors.

The Ukraine Development Fund aimed to attract at least $500 million from countries, development banks, and other grant providers, along with $2 billion from private investors.

In the long term, the fund aimed to raise at least $15 billion for the recovery of Ukraine.

It was to be presented at a Ukraine recovery conference in Rome the following week (July 7 – 11). The fund was expected to receive support from the governments of Germany, Italy, and Poland, according to Bloomberg sources.

A BlackRock representative stated that the company had completed its pro bono consulting work on the Ukraine Development Fund in 2024 and was not involved in any active mandates with the Ukrainian government.

Bloomberg added that France is working on a proposal for a fund that will replace the canceled BlackRock initiative.