As of March 1, 2015, preliminary data show that the stock of international reserves stood at USD 5.625 billion (in the equivalent).
In February 2015, settlement of the Government's and National Bank of Ukraine's foreign debt obligations became a determinant factor that influenced the dynamics of the international reserves. Due installments that the Government and the National Bank of Ukraine made to repay and service the state and state guaranteed debt amounted to USD 539.1 million in the equivalent, including the installment due to the IMF. In addition, foreign exchange interventions undertaken by the National Bank of Ukraine had implications for the amount of foreign exchange reserves. The National Bank of Ukraine sold foreign exchange in an amount of USD 651.3 million, of which USD 560.4 million was sold as part of targeted foreign exchange interventions. The amount of foreign exchange purchased by the National Bank of Ukraine through foreign exchange interventions totaled USD 144.7 million.
In February, the proceeds raised by the Government from the placement of sovereign bonds amounted to USD 298.3 million.
Considering the fact that Ukraine expects the decision to provide a new financial assistance package for Ukraine to be approved by the IMF's Executive Board as early as on March 11, 2015, the level 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 in the short term.