KYIV, April 18 – The Council of the National Bank of Ukraine has approved the Monetary Policy Guidelines for the period of the war, in particular, it allowed the NBU to support the government by buying securities in the primary market, the NBU said.

To ensure a proper rebuff to Russia's large-scale armed aggression and the uninterrupted functioning of the public finance system under martial law, the NBU can provide support to the state budget by purchasing securities of the government of Ukraine on the primary market (a temporary institutional possibility of which comes from the law on martial law), the NBU said.

The feasibility and volume of operations to finance the state budget will be determined by individual decisions of the National Bank, taking into account the situation in the financial markets and public finances, in particular the possibility of filling the state budget from other sources. (om/ez)