Ukraine’s Sovereign Debt Rose 2.2% in March, Ministry Says

Ukraine’s debt, including state guarantees, rose 2.2 percent in March as the government borrowed domestically and issued bonds to boost the capital of state-run energy company NAK Naftogaz Ukrainy.

State debt increased to $60.5 billion as of March 31 from $59.2 billion the previous month, the Finance Ministry, based in the capital, Kiev, said today in a statement on its website. Domestic debt grew to $22 billion from $20.5 billion, while foreign debt fell to $24.5 billion from $24.7 billion, it said.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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