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New Insights on Ukraine's International Reserves for 2025

An overview of Ukraine's international reserves as of July 2025 and the impact of international partners.

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As of July 1, 2025, Ukraine's international reserves amounted to 45.1 billion USD, according to the National Bank of Ukraine (NBU).

In June 2025, reserves increased by 1.2%, reaching 45,065.6 million USD, as reported by the NBU.

This growth resulted from significant inflows from international partners that exceeded the NBU's net currency sales and the country's foreign currency debt repayments.

The regulator emphasizes that the reserve levels are sufficient to maintain stability in the currency market.

The NBU explained that several key factors influenced the dynamics of reserves:

Firstly, inflows to government accounts and payments for servicing and repaying government debt.

In June, the government received 4,087.3 million USD under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA).

Additionally, Ukraine made a payment of 426.2 million USD to the International Monetary Fund.

Secondly, operations of the NBU in the Ukrainian currency market.

In June, the NBU sold 2,956.3 million USD in the currency market and bought back 1.3 million USD, resulting in a net currency sale of 2,955.0 million USD.

Thirdly, the revaluation of financial instruments affected the total value due to changes in market prices and exchange rates.

Due to revaluation, the value of financial instruments increased by 337.8 million USD.

The NBU's report also highlights that the current level of international reserves provides financing for 5.6 months of future imports.