Confiscated Yanukovych’s funds to replenish Ukraine’s international reserves to $18.4 bln

"The so-called owners, who laid their claim to this money, did not appear," he said at a meeting with Finance Minister Oleksandr Danyliuk and Governor of the National Bank Valeriya Gontareva. The president said the operation to transfer the confiscated 1.1 billion US dollars to the accounts of the State Treasury has been completed. According to him, in addition to these $1.1 billion, some 200 million dollars in securities will be transferred to the Finance Ministry in accordance with the Ukrainian legislation. This amount will be used to reduce the internal debt of the state. "This does not just increase the possibilities of the state budget and the Ukrainian state to restore justice and invest these funds in the Ukrainian army, strengthen the defence capacity of our state and restore social justice through using these funds to protect the most vulnerable segments of the population. These funds will be transferred to the gold reserves of the state," Poroshenko said. According to the president, with these funds, Ukraine's forex reserves will hit 18.4 billion dollar mark. He reiterated that this amount was less than 5 billion dollars in 2015, and grew by about 13.5 billion over this period, reads the report.