The National Bank (NBU) expects to receive Naftogaz of Ukraine NAC in international reserves in the coming months. This was announced by deputy head of the regulator Oleg Churiy at an online briefing on March 20.
" I think that most of this amount will be in the NBU reserves in the coming months, "
At the moment, NBU reserves exceed $ 24 billion ($ 26.6 billion at the beginning of March). About $ 2 billion the National Bank spent on maintaining the hryvnia.
According to Churia, the NBU earned on the rise in price of US securities, which form part of the reserves. In 2018, Naftogaz defeated Gazprom in the Stockholm arbitration. According to the court ruling, the Russian company was supposed to pay Natftogaz $ 2.
56 billion in losses for the failure to fulfill obligations under the transit contract, as well as a penalty for each day of non-enforcement of the arbitral award. At the end of 2019, as part of an agreement to continue gas transit through Ukraine, Gazprom paid this debt, transferring $ 2.9 billion to Naftogaz.
Naftogaz wants to direct part of this money to increase gas production. And President Vladimir Zelensky suggested using them for road construction and the development of medicine. It is reported by LIGABusinessInform.