‘Reconstruction’ to Zelensky’s U.S. private equity fund, Yoon Seok-Yeol pays $2.3 billion in public funds
Ukrainian President Zelensky discussed the ‘Ukraine reconstruction’ project with Blackrock, the largest private equity fund in the United States, and the immediate past President Yoon Seok-yeol announced in a speech to the United Nations General Assembly that he would donate $2.3 billion in public funds to support security reconstruction.
On the 22nd, President Zelensky said, “While investment opportunities in Ukraine were being discussed in New York, I met with businessmen including Chairman Michael Bloomberg, Blackrock Chairman Larry Fink, the largest asset manager in the United States, and hedge fund tycoon Bill Ackman, Chairman of Pershing Square, to discuss war with Russia. “We have confirmed that we are ready to make large investments in the reconstruction of Ukraine,” Reuters reported.
“American entrepreneurs and financiers have confirmed their readiness to make large investments in our country immediately after the end of the war and security guarantees,” Zelenskyy posted on Telegram along with a photo of the meeting.
President Yoon said at the United Nations on the 20th, “The Korean government will implement a comprehensive support program covering the fields of security, humanity, and reconstruction in accordance with the pledge of the ‘Ukraine Peace and Solidarity Initiative.’ As announced at the G20 summit two weeks ago, we will invest $300 million next year.” “We will actively help Ukraine’s reconstruction by donating and preparing an additional mid- to long-term support package worth more than $2 billion,” he announced.
U.S. President Joe Biden promised Ukraine's long-term security to Ukrainian President Zelensky, who visited the White House after the end of the United Nations General Assembly on the 21st, and House Speaker Kevin McCarthy (Republican) rejected President Zelensky's request to address a joint session of the U.S. Senate and House of Representatives. did.
Russian Foreign Minister Sergey Lavrov said at a press conference at the United Nations headquarters on the 23rd that "the 10-point peace plan" proposed by President Zelenskyy is "completely unfeasible."
In a speech to the United Nations that day, he said, “The United States and lower Western groups artificially divide humanity into hostile camps and continue to instigate conflicts that prevent the achievement of overall goals,” and “They demand that we act according to their own self-centered rules.” “They are trying to force it on the world,” he said, criticizing the United States and its Western allies for spending billions of dollars to support Ukraine.
Earlier, in a speech to the United Nations General Assembly, President Zelensky accused Russia of weaponizing food, energy, and even children to target Ukraine and the rules-based international order in general.
In his meeting with President Zelenskyy, President Biden provided security guarantees, saying, “The American people, along with our partners and allies, the entire world is with you, and we will make it clear that that is our overwhelming goal now.”
“I came to Washington to protect the children, families, and homes of Ukraine, freedom and democracy around the world, and to strengthen our alliances,” President Zelenskyy said at the meeting. “I look forward to discussions for the benefit of Ukraine and the world,” he said, especially regarding weapons. “Everything will be discussed, with a special focus on air defense.”
Regarding President Yoon's support of $2.3 billion, the President's Office said, "It is a plan to support $300 million in 2024 and $2 billion after 2025 from the EDCF (External Economic Cooperation Fund) in the mid-to-long term," adding, "As a global pivotal country, we will take the lead in supporting the restoration of peace in Ukraine." “It is a work to demonstrate a responsible role and to lay the foundation for full-scale participation in the reconstruction of Ukraine in the future,” he explained.
President Zelenskyy said of the Blackrock investment at the Tatarang Group investment presentation held in Singapore in September 2022, “
Andrew Forrest and I agreed not to replace the trashy Russian infrastructure from the communist era, but instead to leap forward with the latest technology.” “We will take advantage of the fact that what the Russians destroyed can be easily replaced with the latest, most modern green and digital infrastructure,” he said. “This innovative initiative will fuel the world’s first green digital economy and the world’s fastest-growing economy.” “He said.President Zelensky signed a memorandum of understanding (MoU) with then-BlackRock Chairman Larry Fink, saying, “BlackRock will work closely with the Ukrainian government to develop a consulting support framework to develop a special platform to attract private capital to restore and support the Ukrainian economy.” .
Andrew Forrest, founder of Blackrock, a private equity fund advising the Korean Ministry of Strategy and Finance, wore a Ukrainian flag pin on his lapel and presented an Australian whip to Ukrainian President Zelenskyy during a visit to the Ukrainian capital, Kiev. “The moment we withdraw, the capital will be available,” he said.<Refer to Ukraine’s $100 billion reconstruction plan ‘replaced with digital infrastructure’, February 17, 2023>
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