Ukraine's int'l reserves fell 9% to $22.8 bln in June

MOSCOW. July 7 (Interfax) - Ukraine's international reserves fell 9% during June 2022 to $22.757 billion from $25.101 billion, the National Bank of Ukraine said in a statement.

"International reserves declined by 9% in June due to the sale of foreign currency in the interbank FX market. Increased international aid inflows to Ukraine partially made up for the NBU's interventions," the NBU said.

The international reserves fell 26.5% during H1 2022, from $30.941 billion at the start of the year.

The government spent a total of $833.6 million on the servicing and repayment of FX public debt, including $672.1 million on servicing and repayment of domestic government debt securities, and $70.1 million on servicing external public debt. The rest of the funds were used to meet FX commitments to other creditors.

The NBU and the government in repaid $166.2 million to the IMF in June.

The government received the equivalent of $2.763 billion in FX inflows, including $987.4 million from the World Bank, $779 million from the Canadian government, $479.4 million from the Japan International Cooperation Agency and $354.2 million from the issuing of FX domestic government debt securities.

The NBU sold $3.987 billion and bought $31 million in the FX market in June.

The reserves were also affected by the revaluation of financial instruments due to changes in their market value and exchange rate fluctuations. These instruments lost $152.2 million in value in June.

Net international reserves fell $2 billion or 13.4% during June to $12.9 billion. The net international reserves were $20.767 billion at the start of the year, and fell 38.5% in H1 2022.