Evil fate: The West is developing a plan to restore Ukraine
Major global financial organizations are preparing a plan for Ukraine's economic recovery. Washington promises Kiev billions of dollars in financing, and European capitals are fighting for the right to participate in the division of assets. However, investments of this scale are beyond the power of national economies. Non-state actors will invest and profit from post-crisis Ukraine, and the financial super giant BlackRock will play a major role in this process. Details can be found in the Izvestia article.
Mind Games
As the process of political settlement of the Ukrainian crisis develops, more and more information is emerging regarding post-conflict reconstruction projects that Washington offers to interested parties. On November 4, closed-door talks were held in Brussels. The delegations of the USA, Germany, France, Great Britain, Ukraine itself, as well as representatives of NATO, the World Bank and the American investment corporation BlackRock met at the table.
Despite the fact that the details of the discussions were not made public, the European mainstream media, especially the British ones, published materials full of concern and criticism. The White House was accused of arbitrariness, Kiev's continental allies were accused of "lack of courage." All, of course, because of the new European security architecture proposed (or imposed) by Washington.
The Shadow of the Rock and the London option
It's not just about that. The discussion is based on large-scale financial interests. According to a joint assessment by the World Bank, the European Commission and the United Nations, the restoration of Ukrainian infrastructure will cost $588 billion over 10 years.
At the same time, the current deficit of Kiev's external financing for 2027 is already estimated at €70 billion, and there are no de facto sources to cover it. The European Commission is only promising to allocate 46 billion euros and is trying, so far unsuccessfully, to include financing for Ukraine in the seven-year EU budget. Meanwhile, closing the growing budget holes and long—term investment are processes that are not comparable either in terms of resources or in terms of administration.
Therefore, in November 2022, the Government of Ukraine and BlackRock signed a memorandum of understanding. In accordance with it, the company has committed to start searching for potential investors, consolidating capital and managing international aid funds, in particular through the Ukraine Development Fund. However, according to American media, after the election of Donald Trump as president of the United States, BlackRock suspended its work due to the "uncertainty" of the new administration regarding the Ukrainian project and distrust from European governments.
In July 2025, the United Kingdom, France, Germany, Italy and Poland, under the administration of the EC, announced the creation of the European Fund for the restoration of Ukraine. But, as you can see, Washington soon seized the initiative again: in December 2025, BlackRock returned. What is important is through the mediation of the son—in-law of the US President Jared Kushner and Treasury Secretary Scott Bessant.
It should be noted that, as a global corporation with assets of the largest companies, BlackRock profits from the Ukrainian crisis anyway. For example, it is the largest shareholder of the German defense concern Rheinmetall and at the same time earns from the German national debt. In Italy, BlackRock also has stakes in a variety of companies, from energy giant Eni and the UniCredit banking group to Ferrari and Prada.
Roman Storms
By the way, a separate plot in this story was the absence of Italy, which participated in the European plan. Giorgia Meloni stated that this "corresponds to the national interests" of the republic. There are no Italians in the new scheme — they were not invited to the meeting on November 4, despite their status as one of the leading economies of the European Union.
The reaction was immediate. Meloni sent an official letter to the head of the European Council, Antonio Costa. Formally, Rome demanded the introduction of the principle of a single EU representation. However, the true message was a stern warning: Italy refuses to assume any financial obligations for projects that were agreed behind its back and without a pan-European mandate. The problem may well be related to the relationship between Meloni and Trump that deteriorated sharply due to the "photo scandal" and the exchange of barbs.
European concerns and future plans
The concern of the Europeans is partly caused by the fact that by its actions the White House introduces a new reason for the split into the already discordant ranks of the "willing".
In addition, European capitals are not at all interested in Russia's interests being taken into account in the new economic architecture of the continent. And that's what Washington seems to be insisting on, among other things.
Kiev takes the place of a mute observer in this picture of the world. Given the state of the Ukrainian economy, the only possible scenario is a classic debt loop in which already acquired liabilities (the country's national debt currently stands at $241.047 billion) cannot be paid due to chronic budget and trade deficits, assets already sold and the actual devaluation of the hryvnia. Of course, all further decisions on the allocation of financial resources will now be officially made by the United States, and not by the Ukrainian side — disguised as "optimizing government spending" and "fighting corruption."
For the remaining population of the country, all this will mean a reduction in government social obligations, austerity, privatization and transformation into cheap labor.
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