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The Ukraine government issued war bonds Tuesday to fund its defense against a Russian invasion, raising about 8.1 billion hryvnia (or $270 million), officials said.”The proceeds from the bonds will be used to meet the needs of the Armed Forces of Ukraine and to ensure the uninterrupted provision of the state’s financial needs under the war,” Ukraine’s foreign ministry said in a LinkedIn post. RUSSIA LAUNCHES LARGEST AIR ASSAULT OF INVASION: LIVE UPDATESThe office issued two sets of bonds, with one having a 1-year maturity and an 11 percent yield, while the other matures in two months and has a 10 percent yield, it said.
People participate in a pro-Ukrainian protest in Lafayette Park near the White House on February 27, 2022, in Washington, DC.
(Pete Marovich/Getty Images)”Under the state of war, the Ministry of Finance ensures fulfillment of the state needs, its security, social protection of the population, macroeconomic and financial stability of Ukraine,” the foreign ministry office said in a second post.CHECHEN HIT SQUAD SENT TO MURDER ZELENSKYY ‘ELIMINATED,’ TOP UKRAINIAN DEFENSE OFFICIAL SAYS”Despite the difficult conditions due to the military aggression of the Russian Federation, the budgetary system of Ukraine functions in full scale. The Ministry of Finance, the Treasury, and the National Bank of Ukraine jointly ensure the settlement of all necessary payments,” it added.
Ukrainian President Volodymyr Zelenskyy answers questions from the media in Kyiv, Ukraine, on Friday.
(Ukrainian Presidential Press Office/AP)CLICK HERE TO GET THE FOX NEWS APPUkraine has partnered with the International Monetary Fund, the World Bank, the U.S., Canada, the United Kingdom, the EU, Japan, and other countries to ensure financial support, while many of those same entities and countries have enacted international sanctions on Russia.
Members of Ukraine’s Territorial Defense Forces, volunteer military units of the Armed Forces, train in a city park in Kyiv, Ukraine, on Saturday.
(AP/Efrem Lukatsky)
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Ukraine gov issues war bonds to fund military spending, raises $270 million
