Thursday 8 July 2021 - 10:53

Report Says Blackwater Founder Had $10Bn Plan to Develop Weapons, Create Private Army in Ukraine

Story Code : 942283
Report Says Blackwater Founder Had $10Bn Plan to Develop Weapons, Create Private Army in Ukraine
Prince, who re-branded his US-based defense contracting company as Academi, allegedly planned on creating a "vertically integrated aviation defense consortium" in Ukraine that could bring in an estimated $10 billion, the report said on Wednesday, citing interviews with close associates and confidential documents. He hoped the factories could make engines for fighter jets and helicopters, according to the report. Prince also envisioned the consortium competing with top industry figures like Boeing and Airbus, the report added.

At the same time, the Ukrainian authorities were reportedly suspicious of the fact that Prince relied in his deals on politicians Andrei Derkach and Andrei Artemenko, against whom a criminal investigation is being conducted in the United States and who were suspected of being tied to alleged Russian interference in the US election – which has been dismissed by Moscow as lacking any evidence.

Talks with his Ukrainian business partners began in 2014, shortly after the Crimea reunification, the report said. They thought they could leverage the aviation technology in negotiations with Russia, according to the report.

In February 2020, Prince reportedly met with his Ukrainian associates at an unusual location – the Vodka Grill nightclub [which no longer exists] next to a KFC restaurant. Igor Novikov — ex-top aide to the Ukrainian president, apparently knew little of the American billionaire apart from his private military company's war crimes in Iraq, as he reportedly wondered, "What does this guy want from us?"

"It soon became clear that Prince wanted a lot from Ukraine," Time writes.

It is also mentioned that Prince's family was favored by the administration of former president Donald Trump, as Prince's sister, Betsy DeVos, was appointed Secretary of Education, and the Blackwater founder himself pressed for lucrative contracts, including his lobbying for the privatization of the war in Afghanistan. Prince said his idea was based on the British East India Company model, a reference to the days of UK colonial rule.

At the same time, the private security mogul is claimed to have been acting on behalf of the US government, and is referred to in the mainstream media as a 'Trump donor'.

"Had it been another four years of Trump, Erik would probably be closing the deal," Novikov reportedly noted.