OREANDA-NEWS. December 25, 2009. Ukraine CabMin officials think it is possible to utilize the IMF funds, which are included in the NBU international reserves in order to cover the Budget deficit.  Prime Minister Yulia Tymoshenko deems it possible to complete the transaction by 27 December, while the IMF is indecisive yet about giving this idea a seal of approval.

Millennium Capital sees the IMF final approval of such a decision to be highly unlikely, since the funds will be released for consumption purposes, resulting in slim chances of recovery. At the same time, a reduction ion the level of international reserves will restrict the monetary regulation of the NBU, thus risking destabilization of the national currency.