Exclusive: Documents Reveal Erik Prince's $10 Billion Plan to Make Weapons and Create a Private Army in Ukraine
O n the second night of his visit to Kyiv, Erik Prince had a dinner date on his agenda. A few of his Ukrainian associates had arranged to meet the American billionaire at the Vodka Grill that evening, Feb. 23, 2020. The choice of venue seemed unusual. The Vodka Grill, a since-defunct nightclub next to a KFC franchise in a rough part of town, rarely saw patrons as powerful as Prince.
As the party got seated inside a private karaoke room on the second floor, Igor Novikov, who was then a top adviser to Ukraine’s President, remembers feeling a little nervous. He had done some reading about Blackwater, the private military company Prince had founded in 1997, and he knew about the massacre its troops had perpetrated during the U.S. war in Iraq. Coming face to face that night with the world’s most prominent soldier of fortune, Novikov remembers thinking: “What does this guy want from us?”
It soon became clear that Prince wanted a lot from Ukraine. According to interviews with close associates and confidential documents detailing his ambitions, Prince hoped to hire Ukraine’s combat veterans into a private military company. Prince also wanted a big piece of Ukraine’s military-industrial complex, including factories that make engines for fighter jets and helicopters. His full plan, dated June 2020 and obtained exclusively by TIME this spring, includes a “roadmap” for the creation of a “vertically integrated aviation defense consortium” that could bring $10 billion in revenues and investment.
