As of January 1, 2026, Ukraine’s international reserves increased to a record $57.3 billion, surpassing previous highs for the entire period of independence. According to the National Bank of Ukraine, during 2025, the volume of gold and foreign exchange reserves grew by more than 30%, despite challenging military conditions and significant state budget expenditures.
This is reported by Business • Media
Growth of Reserves and Key Inflows
In December 2025, gold and foreign exchange reserves increased by 4.6%. This was significantly influenced by currency inflows from international partners, which greatly exceeded the state’s expenditures on servicing debt obligations and maintaining a stable exchange rate for the hryvnia. Over the last month of the year, more than $6.9 billion was credited to government accounts, including:
- $3.9 billion received through World Bank instruments;
- $2.7 billion as part of macro-financial assistance from the European Union under the Ukraine Facility program;
- $303.8 million from the placement of foreign currency bonds of domestic government loans (OVDP).
Record Levels of External Support
The year 2025 was a record year for Ukraine in terms of external financial assistance. In total, the country received $52.4 billion from international partners. The main donors were:
- European Union – $32.7 billion;
- World Bank – $13.2 billion;
- Canada – $3.4 billion;
- International Monetary Fund – $0.9 billion.
Over the past year, the state’s “safety cushion” increased by more than 30%, despite military challenges and significant budget expenditures.