Zelensky Signs Agreement With JP Morgan on Ukraine’s Reconstruction

Bankers from JP Morgan Chase visited Ukraine last week and signed a memorandum of understanding with President Volodymyr Zelensky and plan to help raise private capital for a new fund for Ukraine’s reconstruction.

According to Fox Business, JP Morgan, America’s largest bank, discussed with Zelensky the creation of a fund that would start with $20 – $30 billion in private capital to go towards investment in Ukraine. Another idea would be to establish a new bank administered by Wall Street firms that would invest in Ukrainian infrastructure that has been destroyed in the war.

Zelensky’s office said that the Ukrainian leader met with senior members of JP Morgan on Friday. “I understand very well that doing business and investing cannot be beneficial to only one party. We want you to invest in Ukraine and earn money,” Zelensky said.