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Ukrainian banks

Why are Ukrainian banks so profitable during war?

Why are Ukrainian banks so profitable during war?

by Dominic Culverwell

Ukraine’s banks are flush with cash. An influx of foreign aid, high interest rates on government bonds, pay rises for soldiers, and central bank policies after the start of the full-scale invasion boosted the sector's profits to 40.5 billion hryvnia ($1 billion) in the first three months of

Ukrainians have purchased $25 billion in domestic government bonds since start of full-scale war

Ukrainians have purchased $25 billion in domestic government bonds since start of full-scale war

by Martin Fornusek

"Thanks to the funds raised from domestic government bonds, we were able to finance more than 200 days of our security and defense, which is equivalent to 15% of Ukraine's GDP (gross domestic product) in 2023. Investments in government bonds have become the second largest source of financing for the State Budget after international aid," Finance Minister Serhii Marchenko said.

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2:25 PM  (Updated: )

Ukrainian drones hit chemical plant in Russia's Tula Oblast, source says.

The Russian Defense Ministry reported on Nov. 9 that Ukraine struck seven Russian regions – including Tula Oblast – with 50 drones. Moscow claimed that it had shot down all 50 drones, including two over Tula Oblast, which is located south of Moscow.
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