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$4.6bn. This is more than the combined total of trade with Poland -- $5.6bn – and with Germany -- $3bn. Trade with Russia totalled $4bn.
Japan lifted its ban on importing eggs and poultry from Ukraine in August. This move will help fuel a 30% increase in bilateral trade this year, Ukraine’s Ambassador to Japan Serhiy Korsunsky tells Dom TV. “Japanese standards are higher than European, and even American,” he says. “And imagine: our food producers manage to increase exports.”
5.2.2 Current account dynamics
Ukraine’s current account (C/A) deficit amounted to $293mn in July,
enlarging from a $31mn deficit (revised from a previously reported surplus of $295mn) in the prior month mostly due to a deteriorated trade balance, the National Bank of Ukraine (NBU) preliminarily reported on August 31.
5.2.3 Gross international reserves
Ukraine’s gross international reserves increased by $0.59bn, or 2.1%, to $28.95bn in July, the National Bank of Ukraine (NBU) reported on August 5. The growth was prompted by receipts from the placement of international Eurobonds, coupled with the NBU’s interventions at Ukraine’s ForEx market.
In July, the foreign currency inflow to the government’s accounts amounted to $666mn (in the equivalent). In particular, receipts from the additional issue of international Eurobonds amounted to $526mn and $140mn from the placement of local Eurobonds. At the same time, total government payments on the redemption and servicing of state debt in foreign currency amounted to $417mn, of which $369mn was directed to the redemption and servicing of local Eurobonds.
The net purchase of foreign currency by the NBU at the ForEx market
40 UKRAINE Country Report September 2021 www.intellinews.com