Ukraine’s total FX reserves declined by USD 1.4 bln to USD 42.4 bln in April. Reserves declined mainly due to some USD 2.3 bln in net FX sales on the domestic FX market. Meanwhile, the bank received around USD 1.6 bln in FX inflows from EU MFA, partly offset by USD 1 bln in outflows due to FX debt redemptions, including to the IMF. In any case, the USD 42.4 bln in FX reserves remain at the second highest historical level after a month ago.