Alex Bornyakov, Ukraine's Deputy Digital Minister, claimed that approximately 60% of the military equipment purchased for the war was funded using cryptocurrencies during an interview with Yahoo Finance on February 24th.

“If we used the traditional financial system, it was going to take days. <…> We were able to secure the purchase of vital items in no time at all via crypto, and what is amazing is that around 60% of suppliers were able to accept crypto, I didn’t expect this. <…> Companies manufacturing goods like bulletproof vests, helmets, and different kind of optics, even they were able to receive crypto,” Bornyakov said in the interview.

At the beginning of the war, Ukraine resorted to accepting cryptocurrency donations to combat Russia's military strength. It should be emphasized that contributions were received from various sources, including Russians, but the government official highlighted that donations from blacklisted entities were refunded.

“Donations to Ukraine has varied from one dollar to millions of dollars. <…> Crypto, in certain cases, offers an anonymous way to transfer money. We saw that some Russians were donating to us a significant sum. The Russian people who have donated have sent significant amounts of money,” Bornyakov explained.