Finance Minister speaks on levels of Ukraine’s import in April-May

Source : 112 Ukraine

According to Serhiy Marchenko, customs revenue indicators were not met
09:24, 16 June 2020

Ukraine's Finance Minister Serhiy Marchenko
24 Channel

Finance Minister Serhiy Marchenko said that Ukraine had not actually imported anything over the previous two months. Marchenko told about it on the air of ICTV TV channel, RBC reported.

"There were virtually no imports in May and April. Our borders were closed," he stated.

According to Ukraine’s Finance Minister, this was the reason for failure to meet customs revenue indicators. Marchenko reminded that 50% of heads of regional customs and 2/3 of tax heads had lost their positions.

Related: Ukraine almost doubles its pork imports during lockdown

As we reported earlier, as of June 1, 2020, the international reserves of Ukraine amounted to 25 371 800 000 dollars

"The decrease in reserves over the past month is primarily due to the repayment of a significant portion of current obligations on government debt," the report of Ukraine's National Bank reads.

1.47 billion dollars were allocated to pay off state and state-guaranteed debt.

In May, the National Bank purchased 660.6 million dollars. There were no interventions to sell foreign currency,” the Bank noted.

Related: IMF loan to let Ukraine cover up for budget deficit, - Finance Minister


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