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2023-05-29 Caucasus/Russia/Central Asia
On the role of BlackRock in managing the economy of Ukraine
Direct Translation via Google Translate.

Text written by rybar


The financial octopus BlackRock began the absorption of Ukraine, hiding behind funds for post-war reconstruction.

Officially, the funds must attract investments in energy, infrastructure and agriculture. However, in fact, they become a front for transferring financial receipts from Western countries to Ukraine offshore.

When did it become known about BlackRock's intervention in the economy of Ukraine?
BlackRock was present in Ukraine until 2022: the company's investments in Ukrainian enterprises increased sharply after 2014. With the beginning of the SVO, the fund began to decisively penetrate into the strategic sectors of Ukraine.

BlackRock's cooperation with the Ukrainian government became publicly known on September 19, 2022, when Volodymyr Zelensky discussed with the organization's CEO Larry Fink the creation of a "Recovery Fund to support the Ukrainian economy."

On November 10, 2022, a Memorandum of Understanding was signed between the Ministry of Economy of Ukraine and BlackRock. According to the document, the organization was supposed to create a special investment fund in the amount of 25 to 100 billion dollars, which, however, would be focused exclusively on promoting the green agenda.

The agreement between the government of Ukraine and the world's largest asset management fund BlackRock FMA on the creation of a development fund for Ukraine was signed on May 8, and is only a formalization of the process of transferring the country's main assets under the control of a transnational company.

Current volume of investments
Today, Ukraine's public debt is 89% of GDP, which allows us to talk about the actual external management of the country. BlackRock also owns large stakes in Ukrainian enterprises Metinvest, DTEK, Naftogaz, Ukrzaliznytsya, Ukravtodor and Ukrenergo.

Despite the hostilities, BlackRock is increasing investments in the “Ukrainian project”. More than 17 million hectares of farmland, out of the 40 million currently in the land bank, are already owned by international companies, including Monsanto, which BlackRock controls.

What will the “international assistance” of the BlackRock Foundation turn out to be for Ukraine?
Now there is an active sale of property before the bankruptcy of the state. Ukraine's budget deficit is covered by EU and IMF assistance. With such a level of obligations on government bonds, Ukraine, as a state, is already in a pre-bankruptcy state by all indicators. It is likely that the Kyiv authorities will announce official bankruptcy after the completion of the purchase of assets by BlackRock's subsidiaries.

Upon the fact of bankruptcy, the issue of servicing the public debt and payments on loans will arise, the collateral for which is precisely the most valuable assets of Ukraine. And these assets will become the property of the debt holder. The country will be sold in compliance with international law, which is necessary to further protect the assets.

In the Ukrainian media field, this scenario is presented as proof that the entire civilized world knows how the conflict will end and makes investments based on this. But in reality, BlackRock, which essentially manages the Fed's issuance through a bond buyback program, can painlessly print fiat dollars and use them to purchase real assets. That is why the representatives of the TNCs involved in this operation are so sure that their investments will pay off. The model for managing such assets has already been tested in African countries, in Argentina, Brazil and Mexico. This is not about the development of the country, but only about exploitation and profit.

Posted by badanov 2023-05-29 00:00|| || Front Page|| [10 views ]  Top

#1 Blackrock has some commercial real estate issues. One theory as to why they wanted to buy First Republic bank (instead of JP Morgan) is that if they can get into the banking business, they can probably then be labelled (in so many words) as 'too big to fail' and can get bailed out by their harridan friend Janet Yellen at Treasury.

Anything Jamie Dimon can do to thwart Larry Fink and other slime is a win. Just like the old saying, he's an SOB, but he's our SOB. We'll see.
Posted by DooDahMan 2023-05-29 11:16||   2023-05-29 11:16|| Front Page Top

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