National Bank of Ukraine

NBU Discusses Further Support for Ukraine with IMF

On 28 March, NBU Governor Kyrylo Shevchenko and his deputies met with IMF Mission Chief to Ukraine Ivanna Vladkova-Hollar and IMF Resident Representative in Ukraine Vahram Stepanyan.

The NBU Governor thanked the IMF representatives for the support and assistance the IMF granted Ukraine in the first days of the war by approving additional funding under the Rapid Financing Instrument. "We are grateful to the Fund for its prompt response to our request and its quick decision to allocate financial aid to our state," said Kyrylo Shevchenko.

The parties discussed the current economic situation in Ukraine and measures taken by the NBU, since the war broke out, to ensure financial stability. The central bank informed its partners about its efforts to tighten the international economic sanctions against Russia.

The parties also broached the issue of establishing a special account that will be administered by the IMF in order to galvanize more assistance for the Ukrainian economy from IMF member states on a bilateral basis. They also talked about ways to consolidate the efforts of international partners to support and rebuild Ukraine.

"It is vital that we stay in constant contact with the global community, because the financial support and expertise of international stakeholders such as the IMF will help rebuild and develop Ukraine after the war," said Kyrylo Shevchenko.




Ministry of energy of Ukraine

Today, Minister of Energy of Ukraine German Galushchenko met with the IAEA Director General Rafael Grossi, who arrived in Ukraine yesterday.

German Galushchenko noted that the full withdrawal of Russian troops from the seized nuclear power facilities is the first and necessary precondition for ensuring nuclear safety.

The position of the Ministry of Energy on ensuring the safety of Ukrainian nuclear facilities remains unchanged – to restrict Russian staff access to Ukrainian files, as well as block the participation of representatives of the Russian Federation in IAEA inspections, missions and IAEA services.

At the same time, Ministry relies on the support of the IAEA in the widest possible coverage of the potential danger that Russia poses to the whole world by seizing and shelling nuclear facilities in Ukraine.

By its actions on nuclear facilities in Ukraine, Russia has shown complete disregard of the key principles that ensure the development of nuclear energy, namely: safety, security and guarantees.

 Guarantees. Russia restricts Ukraine's right to develop research, production and use of nuclear energy for peaceful purposes without discrimination. This principle is a consensus between nuclear and non-nuclear states. During thirty years of independence, Ukraine has never violated such principles and is fully implementing the Agreement between Ukraine and the International Atomic Energy Agency on the application of safeguards.

Security. Russia violates key safety principles in terms of responsibility for the management of nuclear facilities and its actions contribute to the threat of a nuclear accident.

Safeguard. By seizing nuclear facilities in Ukraine, Russia has committed an act of nuclear terrorism, as it was a deliberate act against a nuclear installation and actions that interfere operation of a nuclear installation. They are well aware that such actions can lead to death or serious harm to the population and significant damage to property or the environment as a result of radioactive contamination.


GTS Operator of Ukraine

State of the Ukrainian GTS operation as of March 30

On the previous day, March 29, Gas TSO of Ukraine transported 74.8 million cubic meters of natural gas for the needs of Ukrainian consumers – power plants, organizations, industrial enterprises, and households.

Gas production in Ukraine amounted to 50 mcm, while import was equal to 9.7 mcm. The company continues transporting gas for the needs of Ukraine despite hostilities.

The situation with gas supply remains unstable in the regions where ongoing hostilities occur. Thus, due to shelling in the Luhansk region, the regional gas distribution networks has been suffered. GTSOU team and representatives of Luhanskgaz, are preparing for further restoration of networks and renovation of gas supply to residents.

As a result of hostilities, 44 GDSs out of 1395 in Kharkiv, Luhansk, Kyiv, Donetsk, Zaporizhzhia, Kherson, and Mykolaiv regions of Ukraine remain temporarily shut down.