KIEV, Aug. 23 ??“ Fears of possible devaluation of the hryvnia could be the main restraining factor on hrynvia-denominated bonds in hryvnia by foreign investors, according to a report by Kiev??™s Alfa-Bank.

"Irrespective of the election of the new government, the movement on the market has not been seen. The key factors of the continuous slack are summer vacation season and the reduction in business activities. On the other hand, foreign investors are in no hurry to return to the Ukrainian bond market until the new government determines a strategy for the further economic development, including currency and exchange rate policy," reads the report, according to Interfax-Ukraine.