"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.
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.