Bitcoin Forum

Ukraine has launched a global initiative United24 (https://t.me/U24_gov_ua) to raise funds

Its first component is an online platform to raise funds in support of Ukraine. Other projects and programs will be added soon, - President of Ukraine Volodymyr Zelensky reports on his telegram channel https://t.me/V_Zelenskiy_official/1503

You can make a donation in one click from any country in the world. To make a donation, go to the platform's website http://u24.gov.ua.

Funds are distributed in three areas of assistance:
- Defense and mine clearance
- Humanitarian and medical assistance
- Restoration Of Ukraine

The National Bank of Ukraine provides reports on the receipt of charitable contributions through United24 every 24 hours.

https://i.ibb.co/2NPJMV0/277867c-ze.jpg (https://ibb.co/yS52kvm)

Any donation is a significant contribution to the victory of Ukraine
.

I hope they use the money from this donation to build their country,,, not to fund war with humanitarian donations.

You seem either confused, either implying some odd propaganda.
They have to defend/keep their country first, isn't it? Rebuilding the country makes sense only after the war is over.

Correct. Though these funds are being called humanitarian, we all know this will go for purchasing the weapons and armoury which is required during this war. There is no way Ukraine could keep fighting this war forever since they are loosing the money, central reserves and most importantly Ukraine has lost their daily income as no single business or corporate world is running?

This is but obvious, first stop the war, increase the deadly weapons in their country and set back Russian troops.

As they say everything is fair in love and war, so the donated money most probably will go here!

What else could it have been used for if not on funding the winning of the ongoing war against Russia, amd you talked about building the country, what sort of means could they have left in building the country that findings a lasting solution win and end the war, or do you expect Ukraine to be maintaining infrastructural development when the citizens are dying daily, who will then be alive to use the developmental projects when they all have been executed, else they are building a defensive system waging war against Russia using a funds to generate man power, weapons, and relieve materials needed to overcome their current circumstance, i thought you would aks about other previous donations Ukraine had received prior this time.

The starting post states that the collected donation will be used on:
- Defense and mine clearance
- Humanitarian and medical assistance
- Restoration Of Ukraine
Directly on the website http://u24.gov.ua you can independently choose which need from the suggested directions you want to make a donation. There you can also choose a payment method that can be made by credit card, bank transfer or cryptocurrency.

I do believe that Ukraine will raise a lot more funds in the coming days and weeks and even months. Their enemy is a nation hated by many, we are seeing Saudis killing Yemeni people, or Chinese to kill Uyghur people all the time, but neither the recipient nor the attack fits the bill. Here, we have a European nation attacked by Russia so it's both people who the world "loves" that are getting attacked, it is not "dirty skinned people" according to some.

Ukraine will get money that others much need and Russia will be attacked both financially and other ways in the longest way because everyone hates Russia a lot. I wouldn't be shocked if we see hundreds of millions, even a billion given to Ukraine in total.

The country have already raised more than $60million through Ministry of Digital Transformation, Ukraine (https://donate.thedigital.gov.ua) in terms of cryptocurrency which is aimed at $2billion. However it is a good amount and it has helped big on need. Now Ukraine focusing on raising funds in all possible ways is really a good move, but prior to that Ukraine should find a way to end the war. Without ending the war, rebuilding of the country isn't going to be effective.

Part of the funds will be used for restoration of Ukraine huh, He seems pretty confident that either Ukraine is going to hold out for as long as it needed to be or Putin is going to stop invading but I guess its great to keep on being hopeful. The latter options sounds about right as honestly I dont see how they can hold out if Putin decided to keep on going.


Different context, its not an invasion to another country

The civilized world has already seen the ability of the Ukrainian people and its armed forces, with financial support and assistance with weapons, to independently defeat the Russian army and expel the invaders from their country.

The first stage of the war ended with the fact that the Russians hastily withdrew their pretty battered units from the north of Ukraine and, having regrouped, are now attacking only its western part and south. But even after two weeks of continuous, practically ineffectual attacks, their offensive bogs down, and the Ukrainians not only hold back the onslaught, but also skillfully counterattack and inflict heavy damage on the enemy in manpower and equipment every day.
The Russians are already experiencing problems both in people and in technology. Anyone is being driven to the war in Ukraine, without the appropriate equipment and with Mosin rifles of the 1891 model.

Ukraine will definitely survive. The entire civilized world is now looking with admiration at Ukraine, which is confidently beating the "second army of the world."

Perhaps these funds will plug a hole in the Ukrainian economy for some time, I do not think that this will help much. The main thing is that these funds do not go up the corrupt ladder to the bottom of the Ukrainian elite. As the saying goes, in war all means are good.

This will be a valid thing to do if the war has been concluded. I think the focus should be how to get the war to be over before thinking of how to restore or rebuild Ukraine. Rebuilding of Ukraine should not come in the fund seek but to end the war. The EU and US are ready to show solidarity to Ukraine in helping to rebuild it when the time comes.

This will result with them getting all the funding they could ever need, not just for the war but aftermath as well. However, we need to figure out a way to end this already, not "we" of course, what can we do, it is Russia and Ukraine that needs to find a middle ground. But this has been going on for over a month now, it has been happening for 100+ days and that needs to end.

Each passing day means some more people dead and that is not really a way to live, not for Russia, not for Ukraine, they are both suffering with Ukraine suffering even more. There is no end to this where both sides are happy, so just accept that one will be more upset but the other will be still upset and end it already.

Unfortunately, Ukraine is forced to seek international assistance, this is a fact! Now we are in a situation where we can no longer solve the accumulated problems on our own ...

As a result of the terrorist war against Ukraine launched by a terrorist state, tens of thousands of Ukrainian civilians have already been killed, tens of thousands have been injured or maimed, hundreds of thousands of families have lost property, housing, and minimal comfortable living conditions...

Our cities and towns, major industrial enterprises, infrastructure elements, ports, roads and airports have been destroyed. This is not a war for the sake of "overthrowing the government" or annexing territories, this is a mixture of total terrorism, fascism, Nazism, wild sadism ...

Yes, we are not the most and even not very rich country, but we need help, but we ourselves will not be able to restore what has been destroyed in an acceptable time frame. We are grateful to every person who helped us even with a kind word of support! We are grateful to the people, peoples and countries who help us with finances, food, weapons, legislative and international support in the political arena, and others, both in the fight against the enemy and in restoring life in Ukraine!

Thanks to everyone who found the opportunity to help us! God bless you, and may there always be a peaceful sky above you!

Actually the reason for the other countries to quite at the Russia and Ukraine war is it may leads to world war.When the war begins,it had increased the price of the gas all over the world.It was the reason for the high rise in the economic crisis.If any country involved in war talk,Russia will send his army to that country also for the war begins.So all the countries was silent on war situation.

Most probably many countries will help Ukraine to recover and rebuild their country but since there’s still a war, I doubt on this. Better to use the donations for humanitarian purposes, and for sure many are willing to volunteer and help this country. I don’t know what Russia is thinking right now but hopefully, they will totally end this war and have a peace talk again.

They are silent because of the big threat that Russia said, they are willing to take a world war but the whole country can’t afford that so the best option is to silent and help Ukraine through donations only. Make sure that you are dealing with the right wallet to avoid any scam and loss donations, this can still be a big help of Ukraine why they are still defending their country from the invasion. I hope UN is already preparing their moves to help Ukraine and have humanitarian work in Ukraine, this can be a big help as well.

Slips slightly to the left or are intentionally forgotten. Palestine, which has been massacred by Israel for years, still doesn't want to be included in the mentioned list?
Honestly, I allocate to the country as a top priority in helping donations. Despite people's ignorance about conditions in Ukraine, I'm still trying to find information that Al Jazeera reporter Shireen Abu Akleh was shot on the spot.

https://www.aljazeera.com/news/2022/5/11/al-jazeera-condemns-israels-killing-of-shireen-abu-akleh

I suspect ukraine may soon have no shortage of funding.


Strangely enough the european union appears completely absent from the conflict.

Have not seen many war updates. Everything is being kept quiet. Russia appears to be refining its hypersonic missile technology under real world conditions.

The logistics of russian T-90 tanks costing $1.2 million versus switchblade drones costing $6,000 doesn't appear the best scenario for russia.

I read all these and knowing that it is the truth breaks my heart. I feel sorry for both nations to have had a course to misunderstand themselves and go through this war. Those I feel for the most are the poor onces that are going to loose there means to earn scares ends in and after this war. Even still, donations are pouring in a different name to Ukraine and most of it would be pumped into the military and building there arsenals when the most that could be done is dialogue and then much would be done with the collected donations. I'm sure a lot of people would want to support this course but, not in funding wars apparently. Let peace come back to both nations when soonest.

This is very true, seems that they can get a lot of donations around the globe not only the US. Just look at the initial stage of war, money was pouring via crypto donations to Ukraine. So no wonder, they will be receiving more donations during and after this war. The sympathy is on them not on Russia. So yes, I think, Ukraine can easily recover after this war is over. There are so many countries and organizations that are willing to help.

Remember the simple but not pleasant truth - won't be stopped, the war can be either lost or won! The crazy under-furrer has an absolutely undisguised goal - to total destroy Ukraine. He and the entire top of the Kremlin speak about this openly, without hiding. As the great Golda Meir, by the way, from Kiev (born in Ukraine, in Kyiv in 1898), and the greatest politician in world history, said - "We want to live. Enemies want to see us dead. This leaves not too much room for compromise." We have already paid an absolutely wild price - tens of thousands of dead civilians, several thousand dead military. We protect our land from external aggressor. Tell me, in such a scenario - with whom should we "negotiate" with a maniac killer? Giving him one more chance will destroy us? Why ? Because throughout history, Russia has not kept a single one of its promises, if it concerned non-aggression agreements. For them, it will just be a pause for rearmament and a set of new cannon fodder. Therefore, only victory and only the defeat of the occupier's units.

What about other funds, that were created previously? They raise funds to help Ukraine also. And they are also legit.

In addition, there are:

https://crisisrelief.un.org/t/ukraine
https://www.supportukraine.co/
https://donate.redcrossredcrescent.org/ua/donate/~my-donation?_cv=1

And a bunch of funds at https://www.forbes.com/advisor/personal-finance/donate-relief-to-ukraine/.

Sometimes I am questioning myself - are all these funds legit, or someone is using situation in Ukraine to get rich ?

There's no documentations what does they do with the previous fundraising, but based on the address 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P (https://www.blockchain.com/btc/address/357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P) they already spend almost the funds (465 BTC or $14 Million+ with the current rate). But I think it's understandable since they're still struggling with their current conditions, it's unethical to ask them about the funds used for.

There must be a scammer which want to take advantage with this situation, but I didn't heard any news until now, perhaps the victim didn't publish it.

Anyone who wants to make a donation for Ukraine should independently conduct a small study so that the funds sent get to their destination. There are many legal foundations in Ukraine that collect donations for various charitable purposes. In addition to what is indicated in the starting post, I can add the official website of "Aid For Ukraine" https://donate.thedigital.gov.ua/

With USA sending SO much, I do not think that these donations really matter as much as we think it does. They had a total of 100+ million from what they claim came from crypto world, don't know exactly where and which coin, but it is clear that they are getting hundreds of times more from nations directly. Just USA is 400+ times bigger than what the regular retail investor in crypto paid for. This is understandable, because the all of crypto market cap is not even 10% of what USA GDP is or their debt is.

This shows that we are still small and have a room for growth as well. Ukraine will do fine financially, it is retaking the lands they lost that will take a while.

US is playing a very important role to support Ukraine and destabilizing Russia.
But this indirect US _Russia war will be game changer - because Putin will now be only taking money in Ruble. If the petrodollar deals break then America will be in trouble too.

As much as I don't want to agree with el kaka22, I guess there's some truth in it; there must be some racial and other related factors that will make the fund raising in Ukraine probably more successful than the ones done in behalf of Afghanistan, for example, or Yemen or Somalia or Syria. The mere fact that the country in peril here is in Europe must be a large factor. Whether we like it or not, it is imaginable, even acceptable to a certain extent, for a war or invasion to happen in Asia or in Africa but not in Europe. You wouldn't be as shocked if Iraq is invaded by the US as when Ukraine is invaded by Russia.

Anyway, whatever the context here or however it is called, this is invasion.

You're absolutely right. It's not possible to rebuild the country during the war because even if you manage to, say, restore a destructed hospital, who's to say it won't be hit by a missile tomorrow? As for humanitarian aid (food, medicine), it is something important during the war, of course. But there's also this big problem we've seen before in Mariupol, when Ukraine filled up huge trucks with dozens of tonnes of food, but Russia just blocked the roads and didn't allow the aid into the city. So what's the use of tons of food if there's no way of giving it to those who need it most because they're under occupation by a regime that couldn't care less about starving Ukrainians (if their purpose isn't starving Ukrainians, that is, which I'm not so sure about).
But the way, from what I see on the website, the initiative not only accepts cryptos, but also allows dedicating a donation to a certain direction, which means that it's unlikely that money donated to, say, medical aid, would be used for military purposes.

On the other hand. My 2 cents - US is not trying to stop the war but they are more interested in pulling all the sting to weaken Russia.
Seem like every country has their agenda and hardly anyone is really really thinking about Ukraine. They suffer a lot and they will suffer so much in coming days.

The food crisis have hit the world. Ukraine and Russia being the leaders in wheat exports into war have caused the lack of supply in the global market. For some time period India exported wheat to all global destinations and now India have stopped the export. Likewise more and more crisis is happening around, and war can give an end to all these. Before making an end to the war, rebuilding a nation is like destructing the donations received from support around the world.

As a resident of Ukraine, I can tell you where this money goes. On the example of the terribly affected suburbs of Kyiv - Irpen and Bucha.
After the Russian terrorist occupation troops were driven out of the cities, almost everything was destroyed in these cities - roads, communications, electric lines, lines for delivering water and gas to residential buildings and utilities, ....
You can google and find original photos of cities right after the liberation, and now. Roads have been restored. The supply of water, heating, gas is being restored. Power lines, railway interchanges and tracks have been restored, clinics and hospitals, schools, kindergartens are being restored.
All this requires huge funds. Once again, thank you all so much for your help and support! May what you do come back to you many times more!

40 billion is a wild amount of money. I mean maybe USA doesn't realize this because they have like 30 trillion dollars in debt, and that is why they do not realize what they are doing. But at the same time, we are talking about a thing where 40 billion dollars is a huge huge huge amount for many other nations.

My nation could literally get out of debt trouble if we had 40 billion dollars, we are a poor nation and 40 billion dollars is enough to make us not a poor nation anymore. This is why Ukraine getting this amount is a big deal, they would be able to both defend, and also rebuild with that kind of money and would be so much help for them.

Well.. tens of thousands of people have lost their lives already. Now nothing can be done for them. But at least some of the damaged infrastructure can be rebuilt. It is going to be a huge task, as I read that already losses amount to hundreds of billions of USD. The government needs to prioritize some sectors over the other, since they won't get funds for complete restoration. Maybe healthcare, education and transport sectors need to be put on priority. Also, the government needs to make sure that the fund allocation is not done in a biased manner and all the regions should receive equal amounts.

I sincerely wish that you and your country will never be subjected to such aggression that we are now experiencing. But we have no options other than defeating the aggressor! All any other options are just playing into the hands of the occupier! Historically, it is already a fact - ANY negotiations and any AGREEMENTS with Russia, this is just a delay for Russia to implement its plans. Russia's plans in relation to Ukraine are the total destruction of an independent, strong Ukraine. And that means all of us, all the inhabitants of Ukraine. We don't want this! And we have already proven that we can win. The issue of restoration, I already wrote, is very complex, very costly, and very extended in time. But we'll do it too.. Not the first time...

Fund rising will not help to win a war by Ukraine. It will prolong the war further. You are going to increase the economic value again.As we know,due to war economy was slept over many countries in the world. The important one among the world is economy, if the developed countries like United States, China, French, Switzerland involve in this war. In a very short period, their will be end of the war.

Fundraising goes for HUMANITARIAN purposes, and infrastructural. Military budgets are filled through completely different channels. In addition to partner assistance, there are targeted programs for the supply of weapons and consumables (cartridges, shells, drones, etc.) from countries that are fighting against rashism. So do not try to engage in the substitution of concepts, and confuse humanitarian funds with the combat support of the Armed Forces of Ukraine, these are completely different directions!

War lord first destroys a country and than they rebuild it - calling it Humanitarian. What the hell on this earth is going on.
This reminds us of the era of Genghis K who felt proud in building town of skulls. Noone knows how many such death we will face in days to come.

The war is not over, so it is impossible to predict now what amount will be required to restore the economy of Ukraine. But it is already clear that this will require more than a trillion dollars, which is comparable to the total capitalization of the entire cryptocurrency market. Just such a figure was announced recently by Oleg Ustenko, the presidential adviser on economic issues.

According to preliminary estimates, to restore the infrastructure destroyed by terrorists in Ukraine (cities, factories, roads, etc.), today, about 500-600 billion dollars are needed :( This is a very large amount. Definitely, Ukraine cannot cope with such a financial After the end of the war, I see only 3 sources of financing for the restoration: systemic international assistance, reparations from Russia, domestic financing.

From what I can see, Russia has gained a lot of momentum during the last two weeks or so. Their offensive picked pace after the Ukrainian defense line at Popasna was breached. In a matter of one week, the Russian army advanced 10-15 km from Popasna to the North, South and West directions. And the war won't end if Russia believes that they are advancing and they can achieve their objectives. Because loss of equipment or manpower is not going to deter them. At some point, Ukraine needs to go back to the negotiation table and give concessions. Else this war will never end.

It is clear that the amount will never be known because there are things that will never recover because they were historical, there were people who are involved in the economy that died, and there will be things that will be done with better technology instead as well.

You have to remember that Ukraine was one of the most important nations in the USSR, probably biggest after Russia, which means that they had so much money for building new stuff in order to make people see that communism works, even if it was breaking their treasury. This means that we are talking about a nation that will never get some stuff back, and that is the sad part.

Ukraine is experiencing a serious crisis so that the presence of the official fundraising site will make it easy for anyone to help Ukraine, of course strict supervision is important so that all aid can be well received by all Ukrainian citizens.