You're reading: Part of second IMF tranche for Ukraine will be used to pay debts for gas – deputy prime minister

Part of the $1.7 billion second tranche from the International Monetary Fund (IMF) to Ukraine will be used to pay debts for gas, Vice Prime Minister Hennadiy Zubko has stated.

“Part [of the funds] will be used to support and stabilize Ukraine’s financial system. Part will be spent on payments for gas and debts for the previous periods,” Zubko said on the air of TV Channel Five.

He noted the IMF tranche is issued as macro financial aid, the money will be managed by the Ministry of Finance.