The National Bank of Ukraine has increased the buyout of military bonds in April.
Since April, the National Bank of Ukraine (NBU) has repurchased UAH 50B worth of military bonds. Thus, as of April 28, the portfolio of military bonds owned by the NBU will amount to UAH 70B ($2.2B). The increase in the volume of military bond redemption by the National Bank in April is primarily explained by the rise in budget needs against the background of the introduced tax changes and lower volumes of international financing. In contrast to March, budget revenues did not include early business taxes and the transfer of dividends by state-owned companies. As in March, the decline in economic activity resulting from hostilities significantly limited budget revenues.