Ukraine Raises $270 Million in War Bond Sales

Ukraine’s government has raised about 8.143 billion Ukrainian hryvnias ($270 million) in military bonds, its Finance Ministry announced Wednesday.

The government put up two bonds on social media, with one having a yield of 11% with a tenure of one year. The other bond has a tenure of two months and a 10% yield. The bond sale was carried out through several international banks including Citigroup, Austria’s Raiffeisen Bank, and Budapest-based OTP Bank Nyrt, according to the Wall Street Journal.

“Under the state of war, the Ministry of Finance ensures fulfillment of the state needs, its security, social protection of the population, macroeconomic and financial stability of Ukraine,” the ministry wrote on social media on Tuesday.

EARLY RUSSIAN STRUGGLES IN UKRAINE RAISE QUESTIONS ABOUT PUTIN’S NEXT STEPS

The General Staff of the Armed Forces of Ukraine claimed Wednesday that Russia has lost 5,840 soldiers, dozens of helicopters, planes, artillery systems, fuel tanks, and hundreds of combat armored machines and vehicles. Ukraine’s State Emergency Service said the same day that 2,000 civilians have been killed.

At least 70 men from Japan have volunteered to join Ukraine’s foreign legion as of Tuesday. The volunteers include 50 former members of Japan’s Self-Defense Forces and two veterans of the French Foreign Legion.

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President Joe Biden announced a ban on Russian air carriers flying into United States airspace during his State of the Union address Tuesday, building on earlier prohibitions by the European Union and Canada. Major social media companies, including YouTube, Facebook, TikTok, and Twitter, have also moved to ban Russian state media outlets RT and Sputnik in Europe due to Russia’s invasion.