Imports are growing, but external financing is not.
In April, Ukraine's international reserves decreased by 1, $ 2 billion, despite a number of restrictions . Although stocks showed an increase of $ 600 million in March, Deputy Head of the National Bank Serhiy Nikolaychuk told Interfax-Ukraine about the financial situation.
compared to March.
“The balance of payments situation has really deteriorated in April. If in March our balance of interventions in the sale of foreign exchange on the market amounted to $ 1.7 billion, in April this figure increased to $ 2.2 billion, “he said.
In addition, foreign exchange earnings decreased – less as $ 2 billion in April versus $ 3.3 billion in March. The lion's share of the decline was taken by the reduction of external official financing.
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The trade balance was negatively affected by rising fuel costs, defense needs, as well as the preservation of significant amounts of payments with payment systems, primarily due to the active use of hryvnia cards abroad by refugees from Ukraine.
“I do not think we will see rapid deterioration of the situation. What we see now, the interventions in May are in line with April trends. In general, in my opinion, we are now in a certain local balance, “said the Deputy Chairman of the NBU.
According to him, in the further dynamics of the balance of payments, the course of hostilities and the establishment of alternative export routes, including the unblocking of ports, will be important. International support will also be important.
“We are actively working to ensure that the costs we incur in the foreign exchange market to maintain exchange rate stability (and we expect them to be lower in the second half of the year) are fully covered. receipt of official financing “, – Nikolaychuk declared.
Earlier it was reported that the National Bank of Ukraine allowed banks to sell cash foreign currency to the population .
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