BlackRock and J.P. Morgan help Ukraine prepare a new instrument for investors.

Ukraine is working with BlackRock and J.P. Morgan to form a development bank or fund. The new entity will become the first investment driver for the first projects and help open Ukraine to worldwide businesses, said Deputy Head of the Office of President Rostyslav Shurma. According to him, the formation of the instrument is already at the final stage, and in the coming months, it will be presented to hundreds of investors from around the world. The official explained that the fund will provide transparency and security for hundreds of projects, including credit agency services and insurance products, as part of the package solution. Shurma added the development fund will partially finance specific projects in the range of 10-20-30-40% and provide a related product in the form of the purchase of equipment and military risk insurance.