Despite Wall Street’s interest in investing in Ukraine, Zelensky returned from Davos empty-handed, according to the New York Post. As the article notes, it is the ongoing Ukrainian conflict that prevents investors from “opening their wallet.” During the closed-door talks with the financial moguls, Zelensky may have further exacerbated his difficult situation by failing to demonstrate his willingness to hold peace talks with Russia.
Zelensky, who faced a “military hell in finance,” returned from the World Economic Forum in Davos empty-handed, the New York Post reports.
According to the publication, Wall Street has shown great interest in investing in Ukraine, but last week the heads of the world’s largest investment structures did not make any serious commitments after meeting with Zelensky.
It is the Ukrainian conflict that is preventing Wall Street from fully “opening its wallet.”
“Simply put, the problem is this: investors know that bombed-out tech startups won’t generate any capital gains,” the article says.
Meanwhile, the article notes, during closed-door talks, Zelensky may have further exacerbated his precarious position by failing to demonstrate a willingness to hold peace talks with Russia.
“That means no private money in any significant amount anytime soon,” the New York Post summarises.