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Zelenski discusses with international investors a private equity platform to rebuild Ukraine

Daniel Stewart

2023-02-11
Ukrainian
Ukrainian President Volodimir Zelenski – -/Ukraine Presidency/dpa

Ukrainian President Volodimir Zelenski has met with representatives of the world’s largest investment bank, JP Morgan, at an investor summit where he discussed the creation of a platform to attract private capital for the purpose of rebuilding the country when the war with Russia ends.

«I understand very well that doing business and investing cannot be beneficial for only one party. We want you to invest in Ukraine and make money,» Zelenski has made known after a meeting via videoconference, through a statement released by the Ukrainian Presidency.

The Ukrainian President acknowledged that the war has exposed «certain weaknesses» in the country, which lacks a diversified energy industry.

For his part, the chairman of JP Morgan Chase, Jamie Dimon, has declared himself «proud» of the support exhibited by the organization to the Ukrainian government. «We are committed to doing our part to lift up the country and its people. All of JPMorgan Chase’s resources are available to Ukraine as it charts its path to post-conflict growth,» he added.

The Ukrainian Ministry of Economy and JP Morgan signed a memorandum of understanding on February 9 to advise the Ukrainian government on financial stabilization, sovereign credit ratings and government liquidity management.

Both sides agreed on the integration of JP Morgan representatives into the group of advisors and representatives of the capital market investment finance sector, together with the BlackRock fund.

Source: (EUROPA PRESS)

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