❗️ BlackRock Establishes $15 Billion Ukraine Development Fund in Luxembourg
🏢 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.
💰 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.
🔍 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.
🇱🇺 It is noted that the UDF will be registered in Luxembourg.
💰 Currently, the entire crypto community knows about BlackRock thanks to its spot Bitcoin ETF, but the financial giant is also "busy" with much more. 😁
