Andrew Forrest’s $740 million bet on Ukraine

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Australian mining billionaire Andrew Forrest will invest $740 million in Ukraine’s private sector to kick-start its post-war economy, marking the first tranche of a $US100 billion global fund that has been described as Ukraine’s “Marshall Plan”.

The fund, which has been negotiated between Forrest, Kyiv, Washington, Canberra and London for nine months, will be launched on Thursday. It will be led by BlackRock, one of the world’s largest asset managers. The $740 million contribution will come from Andrew and Nicola Forrest’s family investment company, the Tattarang Group.

, including strikes on 10 regions including Kyiv, Lviv and Rivne, that knocked out power infrastructure, blew up apartment buildings and caused widespread blackouts and deaths. The war has taken at least 38,000 lives, displaced 14 million people and cost $520 billion as it grinds into its ninth month.

“Instead, we will leapfrog to the latest technology. We will take advantage of the fact that what the Russians have destroyed can readily be replaced with the latest, most modern green and digital infrastructure.”in Paris in March after an International Energy Agency meeting. In between trips from Kyiv to army bases in Donbas in June, Zelensky privately endorsed the Fortescue chairman’s push for investment.filled 23,000 tonnes of wheat grain to travel from Ukraine to the Horn of Africa.

 

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More 💵 for the Democrat money laundering operation 🎪

EvaFoxU 👆

Why are we supporting corrupt Nazis fighting ex Commies? They aren’t our allies. They aren’t our friends. It’s not our conflict. Why is my tax money and purported philanthropic spending being poured over there while we struggle to pay energy bills & get ambulances to people here?

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Andrew Forrest’s $740 million bet on UkraineThe Australian miner’s investment will be the first tranche of a $100 billion fund that has been described as Ukraine’s “Marshall Plan”. ErykBagshaw 🤡🤡 ErykBagshaw Twiggy is always there to profit from misery. ErykBagshaw A 'Marshall Plan for Ukraine' sounds wonderful yet grave doubts should remain. 2022 lacks even at it's best the post-WWII Marshall Plan idealists who in their majority sought 'common benefit' before 'personal profit'.
Source: smh - 🏆 6. / 80 Read more »

Andrew Forrest commits $740m to global investment fund to rebuild UkraineVolodymyr Zelenskiy says ‘communist-era rubbish’ will be replaced by latest technology and fund will accelerate country’s economy Which side has Gina donated to? Only because he wants their rareearth minerals 4 his bluehydrogen pipe dream. A taxpayer funded con man with all the front of Myers and the scrupples of Rinehart Zelensky is sucking so hard on the western teat, he thinks we all owe him something for being there. auspol
Source: GuardianAus - 🏆 1. / 98 Read more »