Ukraine’s foreign reserves hit $28.5 billion on July 1, the highest level in eight years,

Ukraine’s foreign reserves hit $28.5 billion on July 1, the highest level in eight years, reports the National Bank of Ukraine. Boosting reserves 12% over the June 1 level, the IMF deposited its first tranche – for $2.1 billion – on June 12. This deposit triggered hundreds of millions of dollars in additional deposits by the EU and the World Bank.