Ukraine must pay off US$15 bln in foreign debt in 2019 – PM Groysman

The country allocates $5 billion annually for servicing foreign debt.

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Ukrainian Prime Minister Volodymyr Groysman says Ukraine must pay off US$15 billion in foreign debts in 2019.

"Next year we need to pay off $15 billion, which was borrowed from 2005 to 2013," he told a Ukrainian TV channel on October 2.

The head of government added the country had to repay $33 billion in debt to foreign creditors over the following five years.

Read alsoUkraine's state debt shrinks in dollars, expands in hryvnias

According to the prime minister, about $5 billion is annually allocated from the state budget for debt servicing.

UNIAN memo. Ukraine's state and government-guaranteed debt, estimated in U.S. dollars, shrank by 1.9%, to $74.85 billion in January-August 2018, while the debt in the hryvnia equivalent declined by 1.2%, to UAH 2.117 trillion ($75 billion).

Ukraine's total international reserves as of September 1, 2018, amounted to $17.232 billion, which was 8.4% down from the figure as of January 1, 2018.

The National Bank of Ukraine (NBU) expects to receive about $5 billion by the end of 2018. It includes a new disbursement from the International Monetary Fund (IMF), loans from the World Bank and the European Union, as well as funds to be raised from the placement of eurobonds.

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