Ukraine's gross foreign debt shrinks to $118.7 bln in 2015

Ukraine's gross foreign debt in 2015 shrank by 6%, or $7.6 billion, to $118.729 billion in 2015 from 2014, the National Bank of Ukraine (NBU) reported.

The U.S. dollar remains the core foreign currency of Ukraine's foreign borrowings and accounts for 75.2% of the borrowed funds, the NBU said.

As of the end of 2015, the public sector's debt was estimated at $35.959 billion, or 30.28% of gross domestic debt, while the NBU's foreign liabilities amounted to $6.708 billion, or 5.6%, deposit cooperation stood at $12.823 billion, or 10.8% of the debt. The rest of borrowers accounted for 46.1%, or $54.677 billion in foreign debt, while the share of foreign investment (intercompany debt) was 7.2%, or $8.562 billion.

As UNIAN reported earlier, Ukraine's gross foreign debt in 2014 shrank by 11.1%, or $15.772 billion, to $126.308 billion.