KIEV, Nov. 7 – Ukraine's international reserves shrank by 23.2% in October, to $12.587 billion, the National Bank of Ukraine reported.

"Their dynamics in October were predetermined by the need to support NJSC Naftogaz Ukrayiny (almost $2 billion) in part of the fulfillment by the company of government-backed liabilities on debt securities and payment for natural gas shipments by European suppliers," the report reads.

From January to October 2014, Ukraine's international reserves shrank by 38.4% from $20.416 billion.