International reserves of Ukraine, which fell below $10 billion in the near future can hold only through new loans from international partners, said Prime Minister Yatsenyuk.

“There is no reason that they (reserves – Ed.) Will increase, but to the next signing an agreement with our lenders, no” – he said, introducing a program of the government in Parliament on Thursday.

The prime minister also said the urgent need for the adoption of the National Bank joint measures to stabilize the banking system, as rapid currency depreciation led to a jump in inflation to 20%.

Speaking of weather dynamics of the gross domestic product (GDP) this year, A.Yatseniuk confirmed earlier voiced assessment – a decline of 7%.

He also stressed the need to increase energy tariffs to reduce the deficit “Naftogaz Ukraine”, funded from the budget, which this year reached 110 billion USD (about 2.5 thousand. USD per capita), while direct budget deficit is 68 billion USD, or 4% of GDP.

As reported, the international reserves of Ukraine on December 1, 2014 totaled $9,970 billion, down from November to 20.8%, or $2.620 billion. The achieved level of international reserves is the lowest since December 2004 and provides less than two months of imports at the required minimum of three months.

Currently, the authorities are in talks with the International Monetary Fund to receive the next tranche under the two-year program stand by, open this spring at $ 17.1 billion and opened another international financial aid by $10 billion, as well as the possibility of expanding the program. This year Ukraine received such assistance worth about $8.2 billion.
…