The NBU will no longer finance Naftogaz.

naftogazThe National Bank of Ukraine (NBU) will no longer make quasi-fiscal payments to Naftogaz of Ukraine (NAFTOGAZ Ukrainy). This announcement was made by NBU Deputy Governor Oleh Churiy at a press conference.

 

Churiy noted that in addition to suspending quasi-fiscal payments, the NBU is canceling payments related to the monetization of Naftogaz of Ukraine's government bonds, issued by the Ministry of Finance of Ukraine. The deputy governor of the NBU explained this position by saying that Naftogaz's transaction limit has already been reached.

 

Churiy stated that Naftogaz is currently receiving funding under the IMF's EFF program. Under this program, bonds are planned to be issued for UAH 27 billion. The IMF also plans to recapitalize the Deposit Guarantee Fund by UAH 55 billion under this program.

 

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