Ukraine FX reserves rose 4% to USD 37.3 bln in May, the highest level since August 2011, primarily fueled by foreign aid, with the government receiving a total of USD 4.3 bln from Western partners, including USD 1.6 bln in macro-financial support from the EU and USD 1.3 bln from the US. The Central Bank’s net sales of foreign currency through market interventions rose to USD 1.9 bln in May. The current level of FX reserves is sufficient to cover 4.9 months of imports.