JP Morgan and BlackRock are entities deeply rooted in the global financial system, and both have a history of financing military industries and governments that perpetuate conflict. JP Morgan, for example, has a long history of involvement in financing wars and authoritarian regimes around the world. BlackRock, in turn, as the largest asset manager in the world, has stakes in practically all major defense companies, which profit directly from the manufacture of weapons used in conflicts such as Ukraine.

This dichotomy is alarming: the same institutions that financed destruction are now celebrated as leaders of reconstruction. The “fund of reconstruction” proposed for Ukraine is not just a humanitarian effort; it is also a strategic maneuver to ensure that Western capital has control over the country’s future assets and economic infrastructure. The reconstruction of Ukraine, costing up to a trillion dollars, presents a lucrative opportunity for these companies, which are now seen as saviors.