Preliminary data suggest that as of August 1, 2015, Ukraine's international reserves totaled USD 10,375 million in the equivalent. In July, the international reserves increased by more than USD 111 million.
The Ukrainian government’s receiving USD 878 million, including USD 673 million from the EU and the World Bank, and USD 205 million in proceeds raised from the placement of government bonds, as well as the positive balance of the interventions made by the National Bank of Ukraine, including the sale of foreign currency to energy importers in amounts permitted under the IMF's EFF program, contributed to the increase in the international reserves.
Ukraine’s international reserves expanded despite the need to make hefty payments related to the repayment and servicing of public and publicly guaranteed debt denominated in foreign exchange in the amount USD 536 million, including interest payments on external sovereign bonds and interest and principal payments on government securities (USD 453 million). In addition, in July, Ukraine made debt repayments totaling USD 219 million due to the International Monetary Fund.
Currently, the amount of international reserves held by Ukraine is sufficient to enable the Government and the National Bank of Ukraine to settle their foreign debt obligations and current operations.
“We welcome the IMF's Executive Board decision to disburse the next tranche of the loan under the IMF’s EFF, which will be used to replenish the international reserves. Overall, our international reserves are steadily growing and by the end of 2015, they are expected to have reached almost USD 18 billion,” said Governor of the National Bank of Ukraine, speaking at the meeting with bankers, which was held on August 4, 2015.