KIEV, Nov. 3 – The National Bank of Ukraine will until the end of this year ensure that national oil and gas company Naftogaz Ukrayiny has all the foreign currency it needs to pay for the Russian gas it imports, so as to take some pressure off the national currency, Serhiy Kruhlyk, director of the NBU's foreign economic relations department, told Interfax-Ukraine.
"Naftogaz Ukrayiny's needs for foreign currency for settlements on Gazprom contracts will be fully met by the NBU through commercial banks," Kruhlyk said. This will help take pressure of the national currency hryvnia caused by the state holding buying so much foreign currency, he said.
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