With $15 million in cryptocurrency for Ukraine donations, the country has acquired military equipment. Bulletproof vests, night vision goggles, medical supplies, and military-grade food rations are among the items purchased with the money.
Ukraine has witnessed a sharp increase in crypto donations over the past week, with aggregate dollar amounts surpassing $64.6 million. According to Ukraine’s Vice Prime Minister Mykhailo Fedorov,
According to reports, Ukraine has purchased $15 million worth of non-lethal military gear with cryptocurrency contributions, including bulletproof vests, night vision goggles, medical supplies, and military-grade food rations.
During a Zoom interview from an undisclosed location within Ukraine, Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, revealed the use of crypto donations.
Ukraine donations turn military gear
At the moment, total crypto donations to the military and humanitarian effort in Ukraine have surpassed $64.6 million.
Donations to Ukraine have been increasing, with the Vice Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov, expecting the drive to reach $100 million this week.
The Crypto Fund of Ukraine raised $50M in crypto in a week to support #Ukraine ?? An incredible unity before Putin's encroachment on freedom and democracy. Aiming for $100M this week. We WILL win! ?? #StandWithUkraine
— Mykhailo Fedorov (@FedorovMykhailo) March 4, 2022
At the same time, Vice Prime Minister Fedorov has been urging several international businesses to stop selling goods and services to Russia as a way of pressuring Putin into stopping the war. To date, he has sent entreaties to SAP, Oracle, Apple, Google, Netscout, Figma, Hitachi Automotive Systems Europe Ltd., Amazon Web Services Inc., and Microsoft.
The UnionPay vice president, who is also the country’s finance minister, called for a halt to the bank’s plans to establish an alternative payments architecture in Russia after Visa and Mastercard disabled all operations there.
Russian money is bloody! It helps Russian missiles attack dwelling houses, kindergartens and hospitals in Ukraine and kill civilians! @UnionPay_Intl, stop working with blood money, stop your services in Russia pic.twitter.com/oE90eH44FT
— Mykhailo Fedorov (@FedorovMykhailo) March 8, 2022