New historical record: Ukraine’s international reserves have exceeded $43.78B.

As reported by the National Bank, as of January 1 2025, Ukraine’s international reserves reached over $43.787B, increasing by 9.7% during December. The volume of international reserves became the largest in Ukraine’s history; the previous record in April 2024 was $21M less.

December’s rapid growth in reserves is explained primarily by the receipt of a large amount of currency from international partners: $4.41B from the EU, $3.93B from the World Bank (US, Japan, Britain), $1.09B from the IMF, and $25.9M from other creditors. Debt payments were much lower – about $385M (including IMF payments). The current level of reserves provides financing for 5.5 months of future imports.

Last year, the NBU’s reserves increased by 8%. During this time, Ukraine received about $42B in international assistance. Ukraine expects to receive about $38B this year from international partners, which will secure economic stability in the war-torn country for 2025.