Kyiv, April, 29th, 2014 – Ukraine Crisis Media Center houses a press-conference presenting a new initiative – Ukrainian Freedom Fund (UFF), launched to help centrally collect and convert donations into support for military units located on the Ukrainian State Borders.
Olha Bosak said, this business initiative has been launched by her, Andrew Bain and others three weeks ago to help facilitate the security of free, independent, and democratic Ukraine and to help the Ukrainian Army keep the Ukrainian borders secure.
According to the speakers, UFF objectives are:
• To raise money to purchase relevant non-lethal equipment directly from manufacturers and deliver it directly to Ukrainian military units that need it;
• UFF initially seeks to raise USD 5 million, followed by a second stage of USD 50 million.
Commenting on the Fund’s activity, Andrew Bain said, UFF coordinates and ensures:
• Needs with democratic advocates among Ukraine’s leadership;
• Lists of items of which the Ukrainian Army units are in short supply;
• Secure and transparent means of collecting money;
• Purchase of items from manufacturers in competitive bids with a focus on price and quality;
• Track distribution.
Mr. Bain underlined that the priority is given to Ukrainian manufacturers and suppliers. Bandages, vehicle batteries, body armour, computer routers, spare parts, etc will be baught for money raised, while Body Armour (20 pieces) provided to Paratrooper Battalion in Nikolaev, railcar mounts enabling transport of armoured vehicles from Belaya Tserkov to Kramatorsk, vehicle batteries (68 pieces) provided to Chemical Warfare Unit and body armour (20 pieces) for Kharkov Interior Ministry Cadets has already been purchased.
Providing financial support is possible through PayPal and wiring money to one of the two accounts, being used exclusively for these transactions (provided on the UFF site http://ukrfreedomfund.org/). As Mz. Bosak and Mr. Bain claimed, assurance over the Fund’s activities and financial reporting will be provided by international audit firm PricewaterhouseCoopers, while UFF will keep its financial reporting open for interested supporting parties.
Andrew Bain, President and Owner of Atlantic Group, one of Ukraine’s largest communications holding companies. Olha Bosak, Chief Executive at Olha Bosak Management Consulting.