Solutions to win: Ukrainians rally together to raise over $700,000 in military bonds through "Diia" app in just one day
In just one day, Ukrainian citizens purchased military bonds worth 30,046,542 hryvnias [over $700,000 – ed.].
The Minister of Digital Transformation, Mykhailo Fedorov, writes about this.
What is the problem?
Large sums of money are required daily to provide Ukraine's military with weapons, military equipment, and supplies.
Earlier, former Defense Minister Oleksii Reznikov stated that Ukraine spends about 100 million dollars per day on war. These funds come solely from the state, not from volunteer fees.
He said that the volunteers only made up about 3% of the total wartime supply to the front.
During the past two years of intense war with Russia, assistance from Ukrainians has slightly decreased. As a result, benefactors, volunteers, and various state structures have had to get creative to continue supporting Ukrainian defenders.
What is the solution?
In 2022, the Cabinet of Ministers [Ukraine's government – ed.] approved a resolution allowing adult Ukrainian citizens to buy military bonds through the "Diia" application.
In just one day, Ukrainian citizens purchased military bonds worth 30,046,542 hryvnias, equivalent to over 30,000 bonds.
The most popular among them were "Yalta," "Nova Kakhovka," and "Simferopol" bonds [named after temporarily occupied cities – ed.].
How does it work?
Altogether, Ukrainians have bought over 4 million bonds and profited more than 94 million hryvnias.
As emphasized by Fedorov, these funds will be used by the state:
- to purchase ammunition for the military;
- to pay salaries to soldiers and doctors.
Here's how the system operates:
- an individual purchases bonds;
- the government utilizes the funds;
- on a predetermined date, the government returns the bonds to the individual with a guaranteed profit.
"Diia" has military bonds named after cities that are currently occupied. In general, the bonds presently available are for the following cities:
- Bakhchysarai;
- Kerch;
- Dzhankoi;
- Yevpatoria;
- Makiivka;
- Simferopol;
- Askania Nova;
- Yalta;
- Zaliznyi Port;
- Nova Kakhovka.
For reference:
As mentioned by Rubryka, military bonds have emerged as a means of investment since Russia began its widespread war on Ukraine. The Ukrainian Ministry of Finance initiated auctions to issue military bonds in March 2022.
Rubryka discovered the core of this investment decision, its functioning, and its target audience. Learn more in the article: "Funding Victory: Unlocking the Secrets of Military Bond Investments."
It is worth mentioning that the D–21–11 universal robot, which features an automatic turret and can carry out combat missions, was developed by members of the Brave1 defense alliance.
