The effectiveness of the Asset Recovery and Management Agency (ARMA) in managing monetary assets has been confirmed: in March 2025, from a total of 8billion UAH, the Agency transferred 2.3 billion UAH —received from the sale of military bonds—to the Fund for the Elimination of Consequences of Armed Aggression of the russian federation. These funds were transferred to the state budget pursuant to a court decision in the case involving the recovery of assets from the sanctioned entity LLC “Royal Pay Europe”.

Today, ARMA received 1.7 billion UAH from the redemption of domestic government bonds (military bonds) and accrued income on them. In total, more than 400 million UAH has been contributed to the state budget in the first five months of 2025 from the purchase of government bonds.

In the near future, ARMA will take measures to obtain the relevant resolution from the Cabinet of Ministers of Ukraine to authorize a new placement of seized funds into military bonds in the amount of over 2 billion UAH. As a result, ARMA’s total portfolio of military bonds under management will exceed 6 billion UAH, including 31.0 million USD and 6.5 million EUR in equivalent.

As of today, the purchase of domestic government bonds is one of the main avenues for managing seized funds. It is worth noting that ARMA is the only state authority that invests in Ukraine’s defense through the purchase of military bonds.