Ukraine spent nearly half of Washingtons aid on US debt bonds media

Ukraine has significantly boosted its holdings of US government debt since the start of the conflict with Russia, the news agency RIA Novosti reported on Wednesday, citing data from the US Treasury and the Ukrainian Finance Ministry.

From February 2022 through the end of September of this year, Kiev’s investment in US debt jumped 1.8 times, or by $10.7 billion, according to RIA. The country’s current holdings of $24.5 billion are the highest since at least 2011. At the end of last winter, Ukraine’s US Treasury portfolio amounted to $13.8 billion, whereas at its lowest level, in mid-summer 2022, it stood at $7.9 billion, RIA's data shows.

During the same period, the Ukrainian government received $22.9 billion in financial assistance from Washington. RIA’s calculations show that Ukraine invested roughly half of the American aid in US debt bonds, thus effectively recycling half of what it received back to the US government.

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