KYIV, Jan 27 – J.P. Morgan remains neutral in relation to Ukrainian assets due to the uncertainty of the issue of continuing cooperation with the International Monetary Fund (IMF), according to the report of the investment bank, which is available to Interfax-Ukraine.

"We maintain a neutral position on local assets, as fundamental support is expected to weaken, as well as due to uncertainty over the timing of the IMF tranche receipt," the J.P. Morgan report said.

At the same time, its analysts expect that a staff-level agreement can be concluded following the results of the IMF mission in January, however, the payment of funds in January-March this year, as some Ukrainian officials said, is unlikely. However, if the restrictions on natural gas prices are lifted in April, the Fund may transfer funds in the second quarter of this year.