REUTERS
Most of the currency received from Gazprom has not yet been sold.
Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has said the regulator plans to replenish its reserves from the sales of currency received by National Joint-Stock Company Naftogaz of Ukraine from Russia's gas giant Gazprom under the Stockholm Arbitration's award.
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"Most of the funds that Naftogaz received at the end of last year have not been sold yet. We expect that these funds will be sold after the audit report is approved and a decision on distribution of dividends is made. Of course, we expect these funds will replenish the National Bank's gold and currency reserves," he told journalists on March 13.
As UNIAN reported earlier, on December 27, NJSC Naftogaz of Ukraine received US$2.9 billion from Russia's Gazprom under the Stockholm Arbitration's award.
Since March 1, 2020, the National Bank has spent US$860 million from the country's reserves to support the hryvnia, Ukraine's national currency.
Ukraine's total international reserves stood at US$26.623 billion as of March 1, 2020, which was 1.3% up against the figure recorded as of February 1, 2020.