Ukraine’s international reserves have increased by almost 14%.

Ukraine’s international reserves have increased by almost 14%. The Ukrainian central bank’s reserves rose 13.6% in August to $25.44B after the government received international financial assistance and froze debt payments, according to the NBU. In August, foreign currency inflows to the government’s accounts amounted to more than $4.7B, as a result of receiving money from the USA, the EU, Canada, and Italy, as well as from placing OVDP bonds and other creditors. At the same time, the government paid $165.4M in debt to international creditors and spent $6.5M on servicing the OVDP. In addition, Ukraine paid $221.1M to the IMF. The current volume of international reserves is sufficient to provide financing for four months of future imports.

The costs of rebuilding Ukraine are going to be significant and will require government and private funding of massive reconstruction projects. If you would like to learn more about how you can help, and earn a significant passive income by purchasing a corporate income bond focused on the rebuilding of Ukraine offered by Andesite Blue, please email Benjamin Z Miller at ben.miller@andesiteblue.co.uk

Or contact any of our team at www.andesiteblue.co.uk/team

I hope that helps and good luck with your investing!