The Asset Search and Management Agency (ARMA) for the first time purchased military bonds in foreign currency for $31 million. This was reported by the Agency's press service.
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It is noted that such a purchase will provide the Ukrainian army with the necessary: weapons, ammunition, equipment, food and medicine.
The total amount of bonds purchased includes, in particular, seized funds of Russian sanctioned persons and companies. We are talking about offshore companies associated with Mikhail Fridman and Pyotr Aven, the bookmaker company 1xbet, as well as $1 million from the former chairman of the regional military medical commission.
ARMA also noted the high efficiency of this purchase – the weighted average profitability of the purchased Government bonds in US dollars is 4.6%, which exceeds the yield on foreign currency deposits.
Since the beginning of 2024, ARMA has purchased war bonds in the amount of UAH 1.7 billion and $31 million, which in total amounts to almost 3 billion UAH in hryvnia equivalent. The total volume of government bonds in ARMA's portfolio reached a record high of UAH 5.5 billion in equivalent.
Recall
The “Ministry of Finance” wrote that ARMA will buy government bonds for the first time using seized currency.
In May 2024, President of Ukraine Vladimir Zelensky signed a law that expanded ARMA’s powers to purchase war bonds using seized money in foreign currency.
Previously, ARMA could only buy war bonds for hryvnia.
- OVDP