The international financing situation for Ukraine in 2025 appears stable, but significant challenges remain for 2026-2027 that need addressing.
This was stated by the First Deputy Governor of the National Bank of Ukraine (NBU), Serhiy Nikolaychuk, in an interview with the "Interfax-Ukraine" agency.
According to NBU estimates, currently, only about a third of the required $65 billion has confirmed funding sources.
"Our estimates suggest that the amount of funding lacking confirmed sources for 2026-2027 is approximately two-thirds of this total. There is a funding gap for next year and an even larger one for 2027," he stated in the interview with the "Interfax-Ukraine" agency.
Nikolaychuk clarified that the NBU anticipates a slightly higher need for external financing for 2026-2027 than the government: $35 billion in 2026 and $30 billion in 2027, which does not include reserves planned for this year from funds coming through the ERA mechanism from frozen Russian assets.