Ukraine Raises $270M To Fund Defensive War vs Russian Invasion

The Ukrainian government raised $270 million in war bonds after it began issuing the assets to fund its defense of the country from Russian invasion, Matthew Brown reported for USA TODAY.

Photo Insert: A Ukrainian woman - a regular citizen who has taken up arms against Russia - took a photo of her child before heading off to battle.

Ukraine’s central bank enacted capital controls amid the Russian invasion, making it difficult for foreign investors to participate in the program. That hasn’t stopped many international and local investors from buying the bonds, according to Ukraine’s finance ministry.

“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 Ministry of Finance tweeted.

The Ukrainian government continues to lobby for stricter sanctions on Russian financial institutions and businesses.

Western sanctions on Russia have so far caused the ruble to plummet in value while everyday Russians and economic elites rush to shield their wealth from financial crisis.

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