Today at 11:54
Since the beginning of the year, the Asset Recovery and Management Agency (ARMA) has transferred over UAH 1.2 billion to the State Budget, mainly for the defense needs of the state.
This was announced during a briefing by ARMA’s acting Head Dmytro Zhoravovych.
According to Dmytro Zhoravovych, most of this sum is the funds invested by ARMA in the purchase of military bonds – the Agency has already purchased 4 packages of securities for a total amount of over UAH 866 million. The purchase of another package worth UAH 372 million is currently being agreed by the Government.
“In total, taking into account the funds transferred by court decision for the needs of the Defense Intelligence of the Ministry of Defense of Ukraine, as well as the revenues provided by asset managers, during the war ARMA has transferred UAH 1.2 billion to the Budget. This is ten times more than the amount of transfers in previous years, which proves the effectiveness of ARMA’s initiative to use the instrument of military bonds,” said the acting Head of the National Agency.
Dmytro Zhoravovych also said that due to the difficulties of finding managers in the current realities, the importance of selling seized property at auctions is growing during the war. Over the past 11 months, ARMA has sold seized property, including Russian property, for more than UAH 980 million, which is several times more than the amount of sales for all previous years combined. Accordingly, ARMA’s deposit portfolio in a state-owned bank has reached a record high of almost UAH 1.5 billion. The National Agency will continue to use these funds to finance the defense needs of the state.
