BlackRock halted talks for a Ukraine recovery fund after Trump's election win due to lack of interest amid uncertainty over Ukraine's future.
Initial support for the fund was close from entities backed by Germany, Italy, and Poland, but institutional investors showed little interest.
The fund aimed to raise at least $500 million from countries and $2 billion from private investors for reconstruction in Ukraine.
BlackRock completed pro-bono advisory work on the fund in 2024, has no current involvement with the Ukrainian government, and discussions with clients guide decisions.