Gold production rose 1.1 percent year-on-year to 2,058 kg in January-July, while production of silver rose by 12.6 percent to 2,786 kg.

The rating actions follow Fitch's similar action on Ukraine's sovereign rating, reflecting the resilience of Ukraine's credit fundamentals to the coronavirus shock and our expectation of economic recovery.

Oil and gas condensate production declined 2.6 percent in January to July from a year earlier to 20.096 million tonnes, while natural gas output increased 7.8 percent to 24.085 billion cubic metres (bcm) in the same period.