With ports blocked and roads made treacherous by bombings, charities currently can't send humanitarian aid into Ukraine through normal channels, though both countries agreed to create corridors to allow those donations to be delivered.
The scale of need is enormous. On Tuesday, the United Nations issued an appeal for $1.7 billion to help with aid efforts, estimating that 12 million people in Ukraine and 4 million refugees could be in need of relief and protection in the coming months.
Cryptocurrencies donations themselves have emerged as a leading form of aid. Samuel Bankman-Fried, CEO of the cryptocurrency exchange FTX, said his company gave $25 to “each Ukrainian” on FTX.Elliptic, a company that tracks cryptocurrency transactions, said that as of Friday, $56.2 million in digital currencies had been donated to Ukraine’s government and to Come Back Alive, a Ukrainian organization that says it trains and supplies ammunition to Ukraine’s military.
“If the funds are being raised directly by the government through a publicly announced appeal, or if the funds are being raised through a third-party reputable organization that’s known to be active in this space, that’s probably a safer bet,” DePow said. The usual delivery trucks and other shipping methods, Genkin said, have either been halted or made more dangerous by the war. So supporters are building their own system.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Queen Elizabeth II makes unexpected private donation for Ukraine reliefIt was revealed the U.K.'s monarch made a generous private donation to assist charities in offering humanitarian aid to the people of Ukraine.
Read more »
Ukraine-Russia say humanitarian corridors were agreed on, but Ukraine says talks didn't deliver needed resultsRussia has ramped up assaults on key Ukrainian cities, as President Zelensky pleads for more international assistance and a second round of talks between Ukraine and Russia are set to take place. Follow here for live news updates from on the ground in Ukraine.
Read more »
How to Help Feed Those Displaced by the Conflict in UkraineThe people of Ukraine are facing a humanitarian crisis. Since Russia launched its invasion, a million people (and counting) have fled Ukraine’s borders and need relief. We've compiled a list of orgs providing food assistance to those in need:
Read more »
Russians besiege crucial Ukrainian energy hub and seacoastRussian forces battled for control of a crucial energy-producing city in Ukraine’s south and gained ground in their bid to cut off the country from the sea, as Ukrainian leaders called on citizens to rise up and wage guerrilla war against the invaders.
Read more »