As of June 1, 2014, preliminary data show that the stock of international reserves stood at USD 17.899 billion in equivalent.

The stock of international reserves had climbed by USD 3.673 billion (by 26%) versus the previous month. The gold and foreign exchange reserves have increased following the receipt of an installment of IMF loans worth USD 3.194 billion, funds provided by the European Union and the World Bank (USD 888 million), the proceeds arising from the placement of external sovereign bonds worth USD 1 billion guaranteed by the U.S. government (USD 1 billion in loan guarantees) and the proceeds arising from the placement of domestic sovereign bonds worth USD 255 million.

In May, due installments under the state and state guaranteed debt (equivalent of USD 873 million) including under IMF stand-by facility (equivalent of USD 414 million) affected the gold and foreign exchange reserves dynamics.

During May, the National Bank of Ukraine intervened in the interbank foreign exchange market by purchasing foreign exchange to replenish the international reserves (USD 212 million) and by selling foreign exchange to support Naftogaz of Ukraine’s payments for imported natural gas.