According to the latest data from the NBU, as of July 1, 2025, Ukraine's international reserves amounted to $45.1 billion.

The National Bank of Ukraine (NBU) reported on its website that in June 2025, reserves increased by 1.2%, reaching a total of $45,065.6 million.

The NBU noted that this growth was driven by significant inflows from international partners, surpassing net currency sales and foreign debt payments.

“The volume of international reserves is sufficient to maintain the stability of the currency market,” emphasizes the regulator.

Reasons for the increase in Ukraine's international reserves - insights from the NBU

The NBU also explained that several factors determined the dynamics of reserves:

Firstly, inflows to government accounts and payments for servicing and repaying state debt.

In June, $4,087.3 million was received into the government’s currency accounts at the NBU as part of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative.

Additionally, Ukraine repaid $426.2 million to the International Monetary Fund.

Secondly, operations by the NBU in Ukraine's currency market.

According to balance sheet data, the NBU sold $2,956.3 million in the currency market and repurchased $1.3 million into reserves. Thus, the net currency sale by the NBU in June amounted to $2,955.0 million.

Thirdly, the reevaluation of financial instruments (due to changes in market value and exchange rates).

In June, the reevaluation increased the value of financial instruments by $337.8 million.

The NBU also highlighted that the current volume of international reserves covers financing for 5.6 months of future imports.