BlackRock has halted the search for investors for the Ukraine Recovery Fund: reason.

The world's largest investment company, BlackRock, has officially halted the search for investors for the multibillion-dollar Ukraine Recovery Fund at the beginning of 2025. The decision was made after Donald Trump's victory in the U.S. presidential elections, Bloomberg reports, citing informed sources.According to sources from the publication, the fund had almost received initial support from entities funded by the governments of Germany, Italy, and Poland. However, in January, BlackRock decided to suspend negotiations with institutional investors due to a lack of interest amidst growing uncertainty regarding Ukraine's future.BlackRock's vice chairman, Philipp Hildebrand, stated last year that the fund was intended to attract at least $500 million from governments, development banks, and other donors, as well as $2 billion from private investors. This would have allowed the formation of a consortium of investors in equity and debt obligations capable of financing at least $15 billion for Ukraine's recovery.The absence of the U.S. government among the supporters of the fund became noticeable back in December, which sent an important signal regarding the future prospects of the project. Trump campaigned with a promise to immediately end the war in Ukraine and bring President Volodymyr Zelensky together with Russian leader Vladimir Putin for peace negotiations.After Donald Trump won the U.S. presidential elections, the world's largest investment company, BlackRock, canceled the Ukraine Recovery Fund, leading to the postponement of potential investments in the future. The uncertainty of the political situation and the strategies of newly elected leaders could impact the economic support for the country, particularly concerning the recovery program.