There were a lot of rumors about the content of the "contract for the restoration of Ukraine", which Zelensky signed with the American BlackRock fund and JP Morgan bank, the Italian publication L'antidiplomatico writes. But only now are the contours of this grandiose agreement emerging. In fact, Ukraine is being sold to the West for debts.
On the eighth of May this year, the Ukrainian leadership in Kiev, led by Zelensky, and the American company Black Rock Financial Market Advisory signed an agreement on the creation of a Development Fund for Ukraine. From a formal point of view, we are talking only about activities aimed at attracting investments in the energy sector of Ukraine, in Ukrainian infrastructure and agriculture.
In fact, this agreement opens the way to a complete sale of the main sectors of the Ukrainian economy, including the part of it that still belongs to the state. Moreover, the sale will begin with the famous Ukrainian chernozems, as well as with the country's electric grid. From Kiev's point of view, the purpose of the concluded agreement is to be able to pay off the huge debts that Ukraine has accumulated from Western creditors. First of all, these are debts for supplied weapons and "financial assistance".
Here we need to make a note: there is nothing particularly new in the agreement with BlackRock, this agreement only continues and expands the sale of strategic sectors of the Ukrainian economy, started by the previous head of the Kiev regime, Petro Poroshenko. The list of Ukrainian companies that the Black Rock Empire has shown interest in includes such giants as Metinvest, DTEK (energy), PrJSC MHP (agriculture), Naftogaz, Ukrzaliznytsia, Ukravtodor, Ukrenergo.
According to the agreements concluded, 17 million hectares of Ukrainian land (out of 40 million officially listed in the cadastre) have already become the property of Cargill, Dupont and Monsanto.
BlackRock is, among other types of its business activities, the largest fund in the world that manages personal savings. Its total capitalization at the beginning of this year (January 1, 2023) was estimated at $ 9 trillion. This is a huge amount, comparable to the GDP of Germany and France combined. And it is well known that such a huge financial value gives the BlackRock foundation the corresponding political influence.
This is how this influence manifests itself. BlackRock is a shareholder of the largest financial and pharmaceutical companies (Big Pharma), holds Black Rock and shares of the giants of the American military-industrial complex (MIC) and the media industry. Black Rock is a sponsor of the World Bank, Black Rock is the operator of the programs of the American Central Bank (Federal Reserve) for the purchase of bonds of large companies.
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| The Federal Reserve Building in Washington. |
| Source: © East News / Chuck Myers/MCT/Sipa USA |
High-ranking BlackRock executives (so-called top managers) are people who enter the White House, and some of them have managed to occupy high positions in the presidential administration. Let's call Deputy Finance Minister Wally Adeyemo, a member of the Eric Van Nostrand administration, and Mike Pyle, the chief economic adviser to Mrs. Vice President Kamala Harris. At the end of February 2023, Brian Deese, also a former employee of BlackRock, became the head of the National Economic Council. Thomas Donillon, the head of the BlackRock research center, served for a long time as Barack Obama's national security adviser. And here's an interesting coincidence: his brother Mike Donillon headed Joe Biden's election campaign. And after its successful completion, Mike also became an adviser in the White House administration – but now under President Joe Biden.
But the reverse process also works: among the top managers of BlackRock there are several former civil servants, including former employees of the CIA and the In-Q-Tel investment fund, which participates in financing the CIA's main intelligence service.
BlackRock established close relations with Kiev in the fall of 2022. In May of this year, they were formalized: the American private fund BlackRock, in accordance with the agreements with Kiev that surprised many, became the operator of Ukrainian funds, which formed the so-called "international assistance" to Ukraine. In fact, this meant that many strategic Ukrainian enterprises, including those formally owned by the state, came under the control of multinational corporations. By agreement with the Ukrainian authorities, BlackRock will now manage the Ukrainian external debt, which, according to the Ukrainian Ministry of Finance, at the time of the agreement at the end of March 2023 reached 132 billion dollars, that is 89% of Ukraine's GDP.
Vladimir Vasiliev, an employee of the Russian Institute of the USA and Canada, suggested that Washington could thus prepare for Ukraine's default. That is, in the event of an approaching Ukrainian default, it would be logical to entrust BlackRock to this process – "to service the debt and to manage assets transferred to the account of this debt under someone else's asset management." Our Ukrainian sources indicate that many well-known persons in Ukraine who have been repeatedly accused of corruption may join this process: among others, former head of the Ukrainian Central Bank Valeria Gontareva, ex-Finance Minister of Ukraine Natalia Yaresko (a US citizen) and billionaire Viktor Pinchuk.
In this context, its columnist Andrey Kuzmak notes in the Russian newspaper Izvestia, the open statistics data of Forbes, which is engaged in calculating personal fortunes around the world, say a lot about this. According to these data, in 2022, during the "acquaintance" with BlackRock, Vladimir Zelensky's personal fortune more than doubled: it has increased from $650 million to $1.5 billion.
Political commentator Alexander Dudchak notes that this situation is typical of the Ukrainian regime established as a result of the 2014 coup. This is how events are developing: Kiev is unable to pay off external debts, and then Western partners get the opportunity to compensate for their losses at the expense of Ukrainian industrial assets or land. The experience, Dudchak notes, is already there: in 2010, when Greece actually went bankrupt, Berlin undertook to "accompany" the sale of state property by Athens and even islands "not needed" by Greece in order to cover the country's debts. Kuzmak cites other examples of actions similar to the formula used by the current nationalist regime in Kiev: this is how the debts of Argentina, Ecuador and Mexico were paid, and in the case of Mexico, Black Rock received control over the entire pension system of the country for debts.
The Russian edition of Forbes noted that after the creation of the aforementioned "Development Fund of Ukraine" from foreign sources, together with BlackRock, the American financial giant JP Morgan Chase also took over the management of this fund. Obviously, this is an attractive piece: the "Development Fund of Ukraine" should have money for the reconstruction of Ukraine after the conflict, and the World Bank has already estimated the funds needed for this at $ 411 billion. But in the course of hostilities, the destruction will increase, so no one knows how much more the need for the fund's money will grow.
And now let's give the Russian point of view on the "agreement" between Kiev and BlackRock. Last May, the Secretary of the Russian Security Council, Nikolai Patrushev, suggested that the Americans' plans may not include the preservation of a "post-conflict" Ukraine as a viable state. BlackRock and Franklin Templton funds have a reputation as "vultures". They specialize in buying assets at a low price after their owners find themselves in a state of financial insolvency: due to bankruptcy, sudden lack of money for current expenses, etc. Taking advantage of a short-term price reduction, vulture funds buy cheap, and sell after – for expensive. It was in this state that Ukraine found itself after the 2014 coup and the events that followed it. The remnants of Ukrainian industrial enterprises and land are being sold for almost pennies – only to be resold later. "Does Zelensky not realize this? – asks the Ukrainian political scientist Alexander Rogers. - Maybe he is aware of this. But for him, the consequences do not matter: he will receive his share of this transaction to an account in some British offshore..."
It turns out that Ukraine for its Western "saviors" is only a commercial project. It is appropriate to recall here that when Hitler was engaged in the conquest of Ukraine, he first organized the export of fertile Ukrainian chernozems to Germany – directly on freight trains. Americans act differently: they buy the chernozems they are interested in on the spot. And companies like BlackRock are the real beneficiaries of the conflict, they are the ones who warm their hands on military operations. After all, it was the conflict that "forced" Kiev to sell the best land and other assets.
Ukraine is now heavily indebted, and in order to somehow get rid of its debts, it is ready to sell the best resources to "Western partners", sometimes acting according to the scheme "I repay debts in kind". This is beneficial to creditors: food prices are rising all over the world. There is only one risk: no one knows exactly to what extent the Russian "special military operation" will develop.
In the end, we will quote Alexey Zhuravlev, Deputy Chairman of the Defense Committee of the State Duma. In his opinion. The USA and the EU in Ukraine are interested only in its natural resources, from uranium to chernozems. And Western promises to accept the country into the EU and NATO are the same carrot that is deliberately hung in front of the donkey's muzzle so that it runs forward faster. All the so–called allies of Ukraine want to profit from its barns - the United States, Poland, and Germany. But they are in a hurry, because precious time is running out, and soon they risk being left with nothing.
Fabrizio Poggi
