Ukraine State Sovereignty Transferred by US Firm Under Cover of Investments: Russian Envoy to UN

© AP Photo / Ted ShaffreyThe BlackRock investment company is in the Hudson Yards neighborhood of New York City on Tuesday, March 14, 2023.
The BlackRock investment company is in the Hudson Yards neighborhood of New York City on Tuesday, March 14, 2023.  - Sputnik Africa, 1920, 16.05.2023
Subscribe
UNITED NATIONS (Sputnik) - Ukraine's state sovereignty is being transferred by the giant investment firm BlackRock, headquartered in the United States, under the guise of investments in economic projects, Russian Ambassador to the United Nations Vasily Nebenzya said on Monday.
"Under the cover involving private investments in economic projects, what is happening is transfer of state sovereignty under external control of a large investment fund [BlackRock] with headquarters in New York," Nebenzya said during a meeting of the UN Security Council.
The Russian ambassador explained that capital does flow into Ukraine but its distribution will be given to BlackRock.
The US company has also concluded an agreement to launch a Ukrainian Development Fund, Nebenzya said.
The World Bank estimated in March that Ukraine will need about $411 billion over the next ten years to recover from the conflict it is engaged in.
BlackRock is one of the world's leading providers of investment and risk management services and has more than $8.5 trillion of assets under management.
Newsfeed
0