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| Version 2 | Version 3 |
|---|---|
| Ukraine to sell 'war bonds' to fund armed forces | Ukraine to sell 'war bonds' to fund armed forces |
| (21 days later) | |
| Ukraine's government has said it plans to sell bonds from Tuesday to pay for its armed forces as they defend the country from a Russian invasion. | Ukraine's government has said it plans to sell bonds from Tuesday to pay for its armed forces as they defend the country from a Russian invasion. |
| The announcement comes after a slide in the prices of Ukraine's existing bonds. | The announcement comes after a slide in the prices of Ukraine's existing bonds. |
| Ukraine's finance ministry also sought to reassure international investors that it will not default on its existing debts. | Ukraine's finance ministry also sought to reassure international investors that it will not default on its existing debts. |
| Investors are concerned that Russia's invasion of the country will push Kyiv to default on its debt. | Investors are concerned that Russia's invasion of the country will push Kyiv to default on its debt. |
| In a Twitter thread, the Ministry of Finance of Ukraine said: "In the time of military aggression of the Russian Federation, the Ministry of Finance offers citizens, businesses and foreign investors to support the budget of Ukraine by investing in military government bonds." | In a Twitter thread, the Ministry of Finance of Ukraine said: "In the time of military aggression of the Russian Federation, the Ministry of Finance offers citizens, businesses and foreign investors to support the budget of Ukraine by investing in military government bonds." |
| The ministry said that each one-year bond would have a nominal value of 1,000 Ukrainian hryvnia (£24.80; $33.27) and the interest rate offered to investors would "be determined in the auction". | The ministry said that each one-year bond would have a nominal value of 1,000 Ukrainian hryvnia (£24.80; $33.27) and the interest rate offered to investors would "be determined in the auction". |
| "The proceeds from the bonds will be used to meet the needs of the Armed Forces of Ukraine," it added. | "The proceeds from the bonds will be used to meet the needs of the Armed Forces of Ukraine," it added. |
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| The announcement on Monday came as the Russian rouble slumped by almost 30% against the US dollar, while its international bonds were hit hard. | The announcement on Monday came as the Russian rouble slumped by almost 30% against the US dollar, while its international bonds were hit hard. |
| That came after Western countries imposed unprecedented sanctions on Moscow in response to its invasion of Ukraine. | That came after Western countries imposed unprecedented sanctions on Moscow in response to its invasion of Ukraine. |
| Russian President Vladimir Putin responded to the sanctions with an order barring citizens from transferring money outside of Russia, including for debt payments. | Russian President Vladimir Putin responded to the sanctions with an order barring citizens from transferring money outside of Russia, including for debt payments. |
| Meanwhile, Moscow's stock market, which saw heavy losses last week, will be closed for a second day on Tuesday. | Meanwhile, Moscow's stock market, which saw heavy losses last week, will be closed for a second day on Tuesday. |
| Russia attacks Ukraine: More coverage | Russia attacks Ukraine: More coverage |
| LIVE: Latest updates from on the ground | LIVE: Latest updates from on the ground |
| THE BASICS: Why is Putin invading Ukraine? | THE BASICS: Why is Putin invading Ukraine? |
| DNIPRO: Terrified residents jolt into action | DNIPRO: Terrified residents jolt into action |
| MAPS: Tracking day four of Russia's invasion | MAPS: Tracking day four of Russia's invasion |
| IN DEPTH: Full coverage of the conflict | IN DEPTH: Full coverage of the conflict |
| You may also be interested in: | You may also be interested in: |
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| To play this video you need to enable JavaScript in your browser. | To play this video you need to enable JavaScript in your browser. |
| The cities of Kharkiv and Chernihiv faced heavy shelling on the fifth day of Russia's invasion | The cities of Kharkiv and Chernihiv faced heavy shelling on the fifth day of Russia's invasion |
| The cities of Kharkiv and Chernihiv faced heavy shelling on the fifth day of Russia's invasion | The cities of Kharkiv and Chernihiv faced heavy shelling on the fifth day of Russia's invasion |
| Related Topics | Related Topics |
| Russia-Ukraine war | Russia-Ukraine war |
| Russia | Russia |
| Ukraine | Ukraine |