BlackRock and JPMorgan help set up Ukraine reconstruction bank

BlackRock and JPMorgan Chase are helping the Ukrainian government set up a reconstruction bank to steer public seed capital into rebuilding projects that can attract hundreds of billions of dollars in private investment.

The Ukraine Development Fund remains in the planning stages and is not expected to fully launch until the end of hostilities with Russia. But investors will have a preview this week at a London conference co-hosted by the British and Ukrainian governments.