Ukraine’s international reserves exceed the pre-war level.

As of December 1, Ukraine’s international reserves amounted to $27.95B and exceeded their level at the beginning of the war, which was $27.4B. In November, reserves increased by 10.7% due to an inflow of international aid against the background of lower volumes of net currency sales by the NBU and moderate debt payments by Ukraine in foreign currency. More than $4.6B went to the government’s currency accounts at the National Bank: $2.53B from the EU, $1.5B from the US, $517.8M from the placement of OVDP bonds, and $69.1M from other international partners. In addition, the government paid $605M for the servicing and repaying of state debt in foreign currency. Moreover, $521.4M was paid to service bonds in foreign currency, $37M for debt to the EBRD, $118.8M to the IMF, and $46.6M for other international debt.