21 August 2017
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Yatsenyuk: UAH 65 bln on government's accounts, $12 bln in forex reserves

Ukrainian Prime Minister Arseniy Yatsenyuk boasts the Ukrainian government has built up a sufficient financial cushion against external challenges, having accumulated UAH 65 billion on its accounts and $12 billion in gold and forex reserves due to reforms and cooperation with international financial organizations and other nations' governments.

Photo from UNIAN
Photo from UNIAN

"As of today, we have got about UAH 30 billion on the single treasury account and UAH 35 billion on the government's forex accounts, while the gold and forex reserves of the National Bank of Ukraine are estimated at $12 billion," he said at an enlarged Cabinet meeting on Wednesday.

"Of course, the situation on world markets is giving serious cause for concern. These are China, Kazakhstan and Russia. And therefore, Ukraine should be ready to address all the challenges that now exist in the financial system," Yatsenyuk said.

"Since the beginning of the year, we have conducted the necessary work, and we have systematically and thoroughly done everything needed for the accumulation of the financial resources," he said.

At the same time, Yatsenyuk instructed the economy and finance ministers and the central bank's governor to assess the situation on the markets and anticipate possible risks Ukraine may face.

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