Ukraine on Tuesday announced the issuance of bonds to fund its military and state spending during the war with Russia, inviting Ukrainians and foreigners to participate in the auction.
"
Everyone can support the financing of the needs of the army and the state budget by acquiring our military bonds,
" Finance Minister Sergey Marchenko wrote on his Facebook page, adding that the first auctions would be held on Tuesday.
These bonds, with a nominal value of 1,000 hryvnias (about 30 euros), will be issued for one year, and their yield will be determined during the auction, the Ministry of Finance said in a statement.
The total amount of this issue has not been specified.
"
Your contribution to supporting Ukrainian defenders is extremely important at this crucial time for Ukraine
," the ministry said.
Russia invaded Ukraine on February 24, with airstrikes, artillery and missile strikes against many Ukrainian regions.
These attacks killed hundreds of civilians and caused serious damage to the infrastructure of this country, until then one of the poorest in Europe.
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