The Emergence of Military Bonds in Ukraine

by Olha Povaliaieva
Wednesday, October 12, 2022
The Emergence of Military Bonds in Ukraine

The Ministry of digital transformation of Ukraine launched the service of purchase of military bonds through the application "Diia"

On October 3, in the Ukrainian digital service of state duties, developed by the Ministry of digital transformation of Ukraine, Diia activated a new option. During wartime, people may purchase military bonds. The partners for the implementation of military bonds are 3 banks:

  • Ukrgazbank;
  • Bond UA;
  • Alpha-Bank.

Securities have types, they are named in honour of the occupied Ukrainian cities. In this step, logic is observed because all the funds invested will be used to assist the Ukrainian army in the liberation of territories. 1 military bond costs almost $25 and is bought without Commission. Each type of security has its maturity terms – from 3 to 18 months. The buyer gets its funds back with the interest that the state pays. Documents and money manipulation take place online. The owner of the bonds receives funds from the state on the electronic purse ESupport.

Previously, the Ukrainian mobile bank Monobank also launched the sale of military securities. They can be purchased from April for half a year. The bond cost is $27, the yield is up to 11% per annum.

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