KIEV, Nov. 14 - Ukraine's dependence on external financing has eased this year, according to Fitch Ratings.

"External financing pressures have eased. International reserves have increased by $2bn over the first 10 months of 2016 to $15.5 billion (around 3.5 months of current external payments), due to bilateral and multilateral support, improvement in some export prices, greater domestic confidence and increased exchange rate flexibility. Some $1.5 billion in cash in Ukraine's treasury provides the sovereign with space to bridge gaps in external disbursements in the short-term," Fitch said.

"External debt repayments to multilateral and bilateral creditors are manageable, and external market debt amortizations resume only in 2019. Domestic debt roll-over risk is limited, as 91% of the debt stock is held by the central bank and state-owned banks," Fitch said.