{"id":229772,"date":"2023-02-20T12:00:15","date_gmt":"2023-02-20T12:00:15","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=229772"},"modified":"2025-01-10T15:06:23","modified_gmt":"2025-01-10T15:06:23","slug":"zelensky-signs-agreement-with-jp-morgan-on-ukraines-reconstruction","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2023\/02\/zelensky-signs-agreement-with-jp-morgan-on-ukraines-reconstruction\/","title":{"rendered":"Zelensky Signs Agreement with JP Morgan on Ukraine\u2019s Reconstruction"},"content":{"rendered":"

JP Morgan plans to raise private capital for a Ukrainian investment fund.<\/em><\/strong><\/p>\n

\"\"<\/a>

President Volodymyr Zelensky meets with U.S. largest investment company J.P. Morgan\u2019s top managers on 11 Feb 2023 in Kyiv.
(President’s Office) The Kyiv Independent<\/p><\/div>\n

14 Feb 2023 – <\/em>Bankers from JP Morgan Chase visited Ukraine last week and signed a memorandum of understanding <\/a>with President Volodymyr Zelensky and plan to help raise private capital for a new fund for Ukraine\u2019s reconstruction.<\/p>\n

According to Fox Business<\/em>, JP Morgan, America\u2019s largest bank, discussed with Zelensky the creation of a fund that would start with $20 \u2013 $30 billion in private capital to go towards investment in Ukraine. Another idea would be to establish a new bank administered by Wall Street firms that would invest in Ukrainian infrastructure that has been destroyed in the war.<\/p>\n

Zelensky\u2019s office said that the Ukrainian leader met with senior members of JP Morgan on Friday.<\/a> \u201cI understand very well that doing business and investing cannot be beneficial to only one party. We want you to invest in Ukraine and earn money,\u201d Zelensky said.<\/p>\n

Besides helping raise private investment for Ukraine, JP Morgan will advise on \u00a0financial stabilization, sovereign credit ratings, and economic ties to Europe. The bank\u2019s CEO, Jamie Dimon, said the \u201cfull resources\u201d of JP Morgan are available to Ukraine as it \u201ccharts its post-conflict path to growth.\u201d<\/p>\n

Ukraine\u2019s reconstruction will have a huge price tag, with the World Bank estimating in December that it could cost between 500 and 600 billion euros<\/a> ($525 billion-$630 billion). Last July, Ukrainian officials estimated the \u201crecovery plan\u201d will cost about $750 billion.<\/a> As the war goes on and more of Ukraine is destroyed, the price tag will increase.<\/p>\n

Zelensky has also agreed to coordinate Ukraine\u2019s reconstruction with the investment management company BlackRock after meeting with the company\u2019s CEO, Larry Fink. Last month, Zelensky said American corporations would find \u201cbig business\u201d in Ukraine.<\/p>\n

\u201cIt is already clear that this will be the largest economic project of our time in Europe,\u201d Zelensky said in a video address<\/a> to a meeting of the National Association of State Chambers \u201cWe have already managed to attract attention and have cooperation with such giants of the international financial and investment world as BlackRock, JP Morgan and Goldman Sachs.\u201d<\/p>\n

Zelensky cited US military aid as an example of the business opportunities found in Ukraine. \u201cAnd everyone can become a big business by working with Ukraine. In all sectors \u2014 from weapons and defense to construction, from communications to agriculture, from transport to IT, from banks to medicine,\u201d he said.<\/p>\n

___________________________________________<\/p>\n

Dave DeCamp is the news editor of<\/em> antiwar.com.<\/p>\n

Go to Original – news.antiwar.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

14 Feb 2023 – Bankers from JP Morgan Chase visited Ukraine last week and signed a memorandum of understanding with President Volodymyr Zelensky and plan to help raise private capital for a new fund for Ukraine\u2019s reconstruction.<\/p>\n","protected":false},"author":4,"featured_media":158701,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[232,550,555,562,626,2060,961,70,2810,1557,1594,481],"class_list":["post-229772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capitalism","tag-capitalism","tag-corruption","tag-elites","tag-finance","tag-greed","tag-profits","tag-ukraine","tag-usa","tag-volodymyr-zelenskyy","tag-wall-street","tag-war-economy","tag-warfare"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/229772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=229772"}],"version-history":[{"count":1,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/229772\/revisions"}],"predecessor-version":[{"id":284797,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/229772\/revisions\/284797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media\/158701"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=229772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=229772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=229772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}