In mid-December, as negotiations to end Russia’s war in Ukraine gathered pace, a group of Ukrainian officials sat in a conference room in New York for a meeting with senior executives at BlackRock, the world’s largest asset manager. They had come to discuss a crucial element of a peace plan drafted by Kyiv and Washington: Ukraine’s postwar recovery. BlackRock had been enlisted to help build a strategy for what President Volodymyr Zelensky has called an $800 billion “prosperity plan.” The meeting, held at BlackRock’s headquarters, kick-started work on identifying funding sources and investment priorities. BlackRock’s role has generated more questions than answers, as the Trump administration steers plans for rebuilding Ukraine toward American business interests. Seven European and Ukrainian officials ... voiced doubts about BlackRock’s ability to attract the enormous investments envisioned. The involvement in the talks of a private firm whose main business is to maximize financial returns has reinforced concerns that the Trump administration views Ukraine’s reconstruction as a profit-making opportunity for the U.S. government and American companies, rather than as primarily a humanitarian or security matter. Last year, President Trump pushed for a deal granting the United States a stake in Ukraine’s mineral wealth. In peace talks with Kyiv, the president’s main negotiators have been real estate developers. Note: First, Blackrock buys up government bonds used to finance military spending, meaning it directly profits from the debt created by war itself. Then, after the war, Blackrock is set to profit again — this time from reconstruction contracts, land grabs, and privatization efforts. Read about this and more with our Substack, Working Together To End the War On Peace in Ukraine, which challenges the dominant narrative on the Ukraine war, arguing that US and NATO policies, covert intelligence agency operations, media censorship, and corporate profiteering have fueled the conflict while blocking genuine peace efforts. - New York Times