One of the largest investment firms in the world, BlackRock Inc., has halted its search for investors for the Ukraine recovery fund at the beginning of 2025 after Donald Trump won the US presidential elections.

This was reported by Bloomberg.

In January 2025, after Trump’s election victory, BlackRock decided to suspend negotiations with investors regarding the Ukraine recovery fund due to a lack of interest amid increasing uncertainty about Ukraine's future.

According to the publication, the US government was noticeably absent among the fund's sponsors in December 2024.

The Ukraine recovery fund was on track to raise at least $500 million from countries, development banks, and other grant providers, as well as $2 billion from private investors.

In the long run, the fund aimed to collect at least $15 billion for Ukraine's recovery.

It was supposed to be presented at the Ukraine recovery conference in Rome next week (July 7-11). The fund was to be supported by the governments of Germany, Italy, and Poland, Bloomberg sources reported.

Bloomberg also stated that a BlackRock representative mentioned that the company completed its pro bono consulting work for the Ukraine development fund in 2024 and is currently not engaged in any active mandates with the Ukrainian government.

The publication added that France is working on a proposal for a fund that would replace the canceled BlackRock initiative.