The National Bank of Ukraine (NBU) has worsened the forecast for the growth of international reserves from USD 57.6 billion to USD 53.7 billion by the results of 2025.
This was announced by the NBU, Ukrainian News Agency reports.
In addition, the forecast for reserves for future years has worsened.
Thus, by the end of next year, reserves are expected to amount to USD 44.7 billion against USD 46.8 billion earlier.
By the end of 2027, reserves may amount to USD 45.2 billion, while the figure of USD 48.6 billion was previously forecast.
Deputy Chairman of the NBU Yurii Heletiy explained at a press briefing that the forecast for reserves was reduced due to a number of factors.
"Regarding reserves, the reduction of USD 4 billion, compared to the previous forecast, is primarily due to higher demand for imported goods against the backdrop of a wider budget deficit, as well as lower export volumes due to the harvest situation and the cancellation of the preferential trade regime with the EU," the Deputy Chairman of the NBU explained.
In April of this year, the National Bank improved the forecast for the growth of international reserves from USD 40.5 billion to USD 57.6 billion by the results of 2025.
As Ukrainian News Agency earlier reported, as of July 1, 2025, Ukraine's international reserves, according to preliminary data, amounted to USD 45,065.6 million, in June they increased by 1.2%.
In 2024, international reserves increased 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.
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