As of June 1, 2025, Ukraine’s international reserves, according to preliminary data, amounted to $44,535.5 million. In May, they decreased by 4.6%. This was reported by the NBU press service.
As noted, such dynamics were due to the NBU’s currency interventions and the country’s debt payments in foreign currency. These operations were only partially offset by revenues from international partners and from the placement of currency bonds of the domestic government loan (currency government bonds).
“Despite the decrease, the volume of international reserves is greater than at the beginning of the year and sufficient to maintain the stability of the foreign exchange market,” the report says.
According to balance sheet data, the National Bank sold $2,962.4 million on the foreign exchange market and bought $1.3 million to reserves. Thus, the NBU’s net sale of foreign exchange in May amounted to $2,961.1 million.
The government’s foreign exchange accounts at the National Bank received $1,357.1 million in May. Of this amount:
$1,129.5 million – from the EU within the framework of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative;
$227.6 million – from the placement of foreign currency government bonds.
$310.1 million was paid for servicing and repaying the state debt in foreign currency, of which:
$184.4 million – servicing and repaying foreign currency government bonds;
$67.1 million – servicing and repaying debt to the EIB;
$30.2 million – servicing and repaying debt to the EBRD;
$28.4 million – payments to other international creditors.
In addition, Ukraine paid $296.3 million to the International Monetary Fund. At the same time, in May, due to revaluation, the value of financial instruments increased by $55.8 million.
The current volume of international reserves provides financing for 5.4 months of future imports.
