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BlackRock Halts Ukraine Fund Amid Trump Election Uncertainty

7/8/2025

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Summary

Story summary

BlackRock has paused its quest for investors for Ukraine's reconstruction fund, following Donald Trump's election, which altered US policy on the ongoing war with Russia. Originally slated for a July launch, enthusiasm dwindled as uncertainty grew. The fund sought $15 billion, with only $500 million pledged. Meanwhile, France is crafting an alternative plan without US support.

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Story summary

BlackRock has paused its quest for investors for Ukraine's reconstruction fund, following Donald Trump's election, which altered US policy on the ongoing war with Russia. Originally slated for a July launch, enthusiasm dwindled as uncertainty grew. The fund sought $15 billion, with only $500 million pledged. Meanwhile, France is crafting an alternative plan without US support.