โ๏ธ BlackRock Establishes $15 Billion Ukraine Development Fund in Luxembourg
๐ข Leading investment firm BlackRock has announced the creation of the Ukraine Development Fund (UDF), aimed at raising $15 billion to support Ukraine's recovery efforts.
๐ฐ The Ukraine Development Fund plans to secure at least $500 million from individual countries, development banks, and other grant institutions, as well as $2 billion from private investors.
๐ The funds raised will be directed towards financing projects in key sectors such as agriculture, industry, infrastructure, and energy. Currently, 20 viable projects have been selected out of 200.
๐ฑ๐บ It is noted that the UDF will be registered in Luxembourg.
๐ฐ Currently, the entire crypto community knows about BlackRock thanks to its spot Bitcoin ETF, but the financial giant is also "busy" with much more. ๐
