MOSCOW, July 7 (RIA Novosti) – The National Bank of Ukraine’s foreign exchange reserves lost $815 million in June, the bank said in a statement Monday.
“According to preliminary information, as of July 1, 2014, the volume of international reserves was at $17.83 billion … During the month of June of this year, the National Bank of Ukraine did not perform any currency intervention on Ukraine’s interbank currency market,” the statement reads.
The UNIAN news agency said the currency reserves for the country decreased 4.6 percent during the month of June 2014.
Ukraine’s forex reserves rose in May after the country received loans of over $3 billion from the IMF and $888 million from the EU and World Bank. The same month, Kiev issued $1 billion in US-backed bonds and $255 million internal bonds.
In total, Ukraine’s foreign exchange reserves have declined 3.33 billion (16.3 percent) in the first half of the year.
The 2008 global financial crisis ravaged Ukraine’s economy and the economic situation in the country has deteriorated further since the February coup.
In April, Russian President Vladimir Putin sent a letter to the leaders of 18 states, in which he said that unbalanced trade with EU members has brought Ukraine to the brink of economic collapse.
