The National Bank has improved its forecast for the growth of international reserves from USD 52.2 billion to USD 65 billion this year.
This is evidenced by NBU data, the Ukrainian News agency reports.
It is noted that the expected volumes of foreign aid will be sufficient for emission-free financing of the budget deficit and maintaining international reserves at a sufficient level to maintain the stability of the foreign exchange market.
At the end of 2025, the EU Council decided to provide Ukraine with EUR 90 billion of financial assistance in 2026-2027 (Ukraine support loan). Support for Ukraine will continue under the existing ERA Loans mechanism. A new program with the IMF worth USD 8.1 billion is also being negotiated.
External assistance will help both to finance the still high budget deficits caused by the war and to maintain a high level of reserves. The NBU's forecast assumes that international reserves will reach USD 65 billion by the end of 2026 and grow further to USD 71 billion by the end of 2028. This will allow the NBU to maintain the stability of the foreign exchange market and implement currency liberalization measures, subject to risk control.
As the Ukrainian News agency earlier reported, Ukraine's international reserves as of January 1, 2026, according to preliminary data, amounted to USD 57,292.5 million, which is the highest figure in the history of independent Ukraine.
In 2025, Ukraine's international reserves increased by more than 30% to USD 57.3 billion.
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