International reserves up 10.2% in April to record-breaking USD 46.7 billion

As of May 1, 2025, Ukraine's international reserves, according to preliminary data, amounted to USD 46,683.1 million, in April they increased by 10.2%.

This is stated in the NBU report, Ukrainian News Agency reports.

Such dynamics are due, on the one hand, to significant volumes of receipts from international partners, and on the other hand, to the smallest volumes of net sales of currency by the National Bank on the foreign exchange market since April 2024.

In general, the dynamics of reserves were determined by a number of factors.

Firstly, receipts in favor of the government and payments for servicing and repaying the state debt.

The government's foreign exchange accounts with the National Bank received USD 6,347.6 million. Of this amount:

- USD 4,861.6 million - from the European Union within the framework of the Ukraine Facility and the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative;
- USD 1,294.0 million - from international partners through the World Bank accounts;
- USD 192.0 million - from the placement of foreign currency domestic government loan bonds.
In addition, Ukraine received USD 992.0 million in accordance with the agreement between Ukraine and the United Kingdom within the framework of the ERA.
These funds were not included in Ukraine’s international reserves due to their limited (targeted) use.
USD 517.9 million was paid for servicing and repaying the state debt in foreign currency, of which:
- USD 299.2 million - servicing and repaying foreign currency domestic government loan bonds;
- USD 169.3 million - servicing and repaying the debt to the World Bank;
- USD 49.4 million - payment to other international creditors.
In addition, Ukraine paid USD 82.1 million to the International Monetary Fund.
Secondly, the operations of the National Bank on the foreign exchange market of Ukraine.
In April, compared to March 2025, the net sale of currency by the National Bank decreased by 17.1%.
According to balance sheet data, the NBU sold USD 2,208.7 million on the foreign exchange market and bought USD 17.5 million to reserves.
Thirdly, the revaluation of financial instruments (due to changes in market value and exchange rates).
In April, due to revaluation, the value of financial instruments increased by USD 742.5 million.
The current volume of international reserves provides financing for 5.6 months of future imports.
As Ukrainian News Agency earlier reported, in 2024, international reserves grew by 8% to USD 43.8 billion.
In 2023, Ukraine's international reserves increased by 42% to USD 40.5 billion.
In 2022, international reserves decreased by 7.9% to USD 28.5 billion.
In 2021, international reserves increased by 6% to USD 30.941 billion.