As of December 1, 2014, preliminary data show that the stock of international reserves stood at USD 9.966 billion in equivalent.
The need to remit a portion of funds that Naftogaz of Ukraine NJSC set aside in a restricted account with the National Bank of Ukraine in order to settle gas bills and arrears with Gazprom OJSC for natural gas imported in November-December 2013 (USD 1.450 billion) affected the international reserves dynamics in November.
In November, the Government and the National Bank of Ukraine were able to repay and service Ukraine's foreign currency debt obligations in full and in due time. Due installments under the state and state guaranteed debt amounted to USD 897.3 million in the equivalent, including the installment due to the IMF.
In November, the National Bank of Ukraine intervened in the foreign exchange market by selling USD 573.3 million, the largest portion of which was channeled to support Naftogaz of Ukraine NJSC's payments for imported natural gas. The National Bank of Ukraine purchased USD 3.1 million.
The Government of Ukraine has received the equivalent of USD 318.5 million from the European Commission.