Vice PM Tihipko: Ukraine needs UAH 121bn for servicing of credits in 2012.

By bne IntelliNews October 6, 2011
In 2012 will Ukraine require UAH 121bn for servicing and repayment of credits, believes Vice PM Serhiy Tihipko. In 2011, UAH 95bn is needed, he added. Tihipko reminded that next year obligations of enterprises, state guarantees and borrowings make up about USD 50bn, out of these USD 15bn are government borrowings. Foreign currency reserves are USD 38bn and if the situation worsens, those borrowings will make a pressure on the reserves, thats when the IMFs funds will be needed. Tihipko pointed out.

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