Ukraine Raises $270 Million Through War Bonds, Budgetary Systems Function Normally

Ukrainian nationals arrive by train from Kyiv, Ukraine at the main train station in Przemysl, Poland on Feb. 28, 2022. Omar Marques/Getty Images

Ukraine issued war bonds on Tuesday for fighting off a Russian invasion, and has raised over 8.1 billion UAH ($270 million), the country’s ministry of finance revealed.

“In the time of military aggression of the Russian Federation, the Ministry of Finance offers citizens, businesses and foreign investors to support the budget of Ukraine by investing in military government bonds,” Ukraine’s Ministry of Finance said in a LinkedIn post. “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.”