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Ukraine’s current account deficit tripled in May, according to NBU
Journal Staff Report

KIEV, July 5 – Ukraine's current account deficit tripled in May compared to April, to $746 million, while the surplus of the account for transactions with capital and financial transactions fell by 40%, to $767 million, reads a posting on the Web site of the National Bank of Ukraine.

"The growth of the deficit of the current account in May [to $746 million] was caused by a rise in imports of oil and fuel and the payment of dividends on direct investments. Over the first five months the deficit grew to $2.3 billion, while last year over the period the current account had a surplus of $410 million," reads the report.




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