Ukraine should pay about $ 9 billion by the end of 2014, Ukrainian Finance Minister Oleksandr Shlapak said on Friday, April 18.
“By the end of the year we need to pay another $ 9 billion. Our task is to borrow these $ 9 billion on foreign markets so as not to exert pressure on foreign exchange reserves,” Interfax-Ukraine quotes him as saying.
According to him, in order to reduce pressure on the NBU’s gold and foreign exchange reserves, the government decided to form its own reserve of currency resources for settlements on its obligations and on the obligations of a number of state-owned companies.
“In order not to constantly go into the currency reserves of the National Bank when you have to pay the currency debts of the government or the Oil and Gas of Ukraine, Ukravtodor, Ukrzaliznytsia. To do this, we are actively working to attract foreign exchange resources, ”said Shlapak.
He added that the Cabinet is doing everything possible to assist the National Bank in stabilizing the situation in the foreign exchange market.