OREANDA-NEWS. As of January 1, 2015, preliminary data show that the stock of international reserves stood at USD 7.533 billion (in the equivalent).

The need to support Naftogaz of Ukraine NJSC's payments for imported natural gas affected the international reserves dynamics in December. In December, USD 1.65 billion from the funds set aside in a restricted account with the National Bank of Ukraine was remitted to settle gas bills and arrears with Gazprom OJSC for natural gas imported in November-December 2013. In addition, the interventions conducted by the National Bank of Ukraine by selling foreign exchange worth USD 831 million, the largest portion of which was channeled to support Naftogaz of Ukraine NJSC's payments, also had a bearing on the international reserves.

In December 2014, 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 738 million in the equivalent, including the installment due to the IMF.

The Government of Ukraine has received the equivalent of USD 767 million, including USD 617 million (in the equivalent) from the European Commission, USD 20 million from the International Bank for Reconstruction and Development, and proceeds raised from the offering of domestic sovereign bonds denominated in foreign exchange (USD 130 million).