Zelensky, Wall Street executives hold talks on Ukraine’s economy and reconstruction

Ukrainian President Volodymyr Zelensky held discussions with prominent Wall Street executives during the 81st UN General Assembly in New York City. The meeting aimed to attract investments for Ukraine's reconstruction efforts, particularly in addressing the ongoing winter crisis and strengthening the country's economy. Over 20 US companies participated in the meeting, facilitated by Citigroup and the US Chamber of Commerce.

The daily cost of the war reached approximately $190 million this year, exacerbating Ukraine's budget crisis. Key areas of focus included supporting Ukraine through the winter and promoting economic growth. Discussions revolved around establishing a sovereign wealth fund and leveraging support from the International Advisory Group.

Citi CEO Jane Fraser emphasized the critical role of the private sector in Ukraine's reconstruction process. She stated that Citi, with over 25 years of presence in Ukraine, is committed to mobilizing investment and supporting Ukrainian businesses. Other notable attendees comprised executives from BlackRock, Franklin Templeton, Lazard, Macquarie, State Street, Jane Street, Fairfax, and McKinsey & Company.

Representatives from the US Chamber of Commerce, the US International Development Finance Corporation, the World Bank, European Investment Bank, and the European Bank for Reconstruction and Development also took part in the talks.