As of November 1, 2014, preliminary data show that the stock of international reserves stood at USD 12.587 billion in equivalent.

The need to underpin Naftogaz of Ukraine NJSC's repayments on debt securities guaranteed by the state (almost USD 2 billion) and payments for natural gas imported from Europe affected the international reserves dynamics in October.

In an effort to balance the foreign exchange market, the National Bank of Ukraine stepped up foreign exchange interventions in October. The National Bank of Ukraine intervened in the foreign exchange market by selling USD 985 million at the single exchange rate and USD 200 million at the foreign exchange auction.

In October, Ukraine was able, on time and in full, to meet all of its foreign currency debt obligations. Due installments under the state and state guaranteed debt equaled USD 641 million in the equivalent including under IMF stand-by facility (equivalent of USD 233  million).

The Government has raised EUR 40 million in proceeds from the offering of domestic sovereign bonds denominated in foreign exchange.