Ukraine Transformed into an “Underdeveloped Country”: Why Did BlackRock Suddenly Give Up on Zelensky and the Kiev Regime
Nobody wants to sink billions of dollars into an endemically corrupt mafia state run by Neo-Nazi goons in the middle of an unwinnable war with a military superpower nextdoor.
Guest Post by Drago Bosnic, Reposted with permission by globalresearch.ca.
When the NATO-orchestrated Ukrainian conflict started in 2014, American and multinational conglomerates rushed to ensure they got their “piece of the pie” in the unfortunate country. In around a decade or so, the Kiev regime changed laws and enabled the total or near-total takeover of every remotely valuable asset built by generations in the Soviet Union. While the socialist superstate certainly had its flaws, the legacy it left in former Ukraine has never been matched by any government since the latter’s “independence” in 1991.
Namely, while the country had a massive industrial sector until then and a population of 52 million, mostly well-educated and working in various specialist fields (Soviet Ukraine was a scientific and industrial powerhouse no less than Russia itself), after 1991, all this collapsed for good.
By the early 1990s, relatively prosperous Ukraine turned into an underdeveloped country with only a fraction of its Soviet-era scientific and industrial potential, selling mostly agricultural products and essentially serving as a cheap resource for the political West’s brutal (neo)colonial exploitation. By the mid-2010s, NATO fully hijacked the unfortunate country and turned it over to the Neo-Nazi junta that’s now effectively conducting genocide against Ukrainians themselves. Namely, the demographic collapse is so catastrophic that it’s highly likely there’s only half of Ukraine’s 1991 population in the country at this point. The suicidal war with Russia (its closest kin) continues, while the United States is now openly demanding whatever’s left of Ukrainian resources (with even this lost to Russian all-out advance across the frontlines).
In fact, the situation is so bad that the infamous BlackRock, the world’s most exploitative (neo)colonial conglomerate, has actually given up on NATO-occupied Ukraine. According to Bloomberg, it suspended work on “a multibillion-dollar Ukraine recovery fund”, supposedly following President Donald Trump’s election win. Apparently, this prompted France to work on a replacement deal, with initial support from Germany, Poland and Italy. The report, published on July 5, further states that BlackRock ceased all efforts to “search for institutional investors in January”, effectively ending the planned $500 million fund that was intended to be secured from various Western governments, development grants and investment banks. In turn, another $2 billion from other private investors was also lost after they withdrew.
The report also points out that the investment stopped due to “a lack of interest amid perceived uncertainty in Ukraine”. In other words, nobody wants to sink billions of dollars into an endemically corrupt mafia state run by Neo-Nazi goons in the middle of an unwinnable war with a military superpower nextdoor. Truly shocking. However, jokes aside, it doesn’t take an economic expert to understand that the most basic logic implies that nobody remotely sane would make that kind of investment. Worse yet, the notion of “perceived uncertainty” is even more laughable. Namely, as previously mentioned, the Russian military is now advancing on multiple fronts, meaning that this “uncertainty” is not a matter of perception, but an objective reality that any thinking investor would take into account.
The Bloomberg report further states that the investment fund was scheduled to be unveiled at the “Ukraine Recovery Conference” on July 10-11 in Rome. A BlackRock spokesperson said that the conglomerate “completed advisory work for the recovery fund pro bono in 2024, but no longer has any active mandate”. Worse yet, although France promised to “step up”, it seems this is also falling through. Citing “people familiar with the matter” Bloomberg reports that “it remains uncertain how effective the plan will be without American backing”. In other words, investors from the European Union are just as skeptical as their US counterparts, which tends to happen when people are getting their information from sources other than the mainstream propaganda machine which still insists that the Kiev regime is “defeating Russia”.
Numerous independent authors from around the world (particularly at InfoBRICS), have been reporting that the so-called minerals deal that the Trump administration was trying to push for since it came to power would fall through. We repeatedly argued that the minerals promised by the Neo-Nazi junta weren’t even under its control, while areas with any known resources lack the mining industry to support extraction.
It would take years and tens (if not hundreds) of billions in investment just to establish it. In other words, the investors would need to give lots of money to the losing side. Expectedly, such business deals are wholly unattractive to people who don’t like losing massive financial assets. The Kiev regime tried to do everything in its power (effectively selling the entire country) to change their opinions, but to no avail.
For instance, the Neo-Nazi junta frontman Volodymyr Zelensky pompously announced his $1 trillion “reconstruction plan” years ago, even promising each corporation what can only be described as free rei(g)n in oblasts (regions) they invested in. The results have been catastrophic for NATO-occupied Ukraine, with around 30% of its arable land handed over to (neo)colonialists.
In addition, cheap Ukrainian agricultural products flooded European markets (after they were initially promised to starving Africans and for which Russia was blamed by the mainstream propaganda machine), resulting in massive protests by farmers across the “old continent” as their market share collapsed virtually overnight. However, even this turned out to be a bad investment, particularly after the Russian military entered the Dnepropetrovsk oblast.
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This article was originally published on InfoBrics.
Drago Bosnic is an independent geopolitical and military analyst. He is a Research Associate of the Centre for Research on Globalization (CRG).
