The world’s largest investment banks are ready to join in Ukraine’s restoration.
“We are interested in and prepared to join the recovery of Ukraine, attracting capital and leadership in the capital markets,” Goldman Sachs CEO David Solomon said at the Ukrainian Breakfast in Davos. The director of BlackRock, Larry Fink, noted that in conversations with President Zelenskyy, he emphasized that “Our goal is not to create new oligarchs but to create a new country, to create a capitalist system where capital can be used correctly. This does not mean we will restore the old Ukraine: we will build the best Ukraine.” According to the head of Goldman Sachs, the recovery process will not be simple and linear, and it will require a significant amount of capital and the cooperation of the private and public sectors. Fink added that it is necessary to create an appropriate platform, organizational structure, calculate KPI, determine where the money will go, how to use it, and hire Ukrainians to manage it.