Ukraine’s international reserves increased by 10.2% in April and amounted to 46.68 billion US dollars as of the beginning of May. By data of the National Bank of Ukraine, the current level of reserves is the highest since the beginning of the full-scale invasion of the Russian Federation.
“As of May 1, 2025, Ukraine’s international reserves, according to preliminary data, amounted to 46,683.1 million USD. In April, they increased by 10.2%. Such dynamics are due, on the one hand, to significant volumes of income from international partners, and on the other hand, to the lowest volume of net sales of currency by the National Bank on the foreign exchange market since April 2024,” – the message says.
USD 6,347.6 million was deposited into the government’s foreign currency accounts at the National Bank. Of this amount, USD 4,861.6 million came from the European Union within the framework of the Ukraine Facility and the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative, USD 1,294.0 million came from international partners through World Bank accounts, and another USD 192.0 million came from the placement of currency government bonds.
Separately, Ukraine received USD 992.0 million under the agreement with Great Britain within the framework of the ERA, which were not included in the international reserves due to their intended purpose. In April, Ukraine spent 517.9 million US dollars on servicing and repayment of the state debt in foreign currency, of which 299.2 million was on servicing and repayment of foreign currency government bonds. A payment of 82.1 million dollars was also made to the International Monetary Fund.
Compared to March 2025, the volume of net sales of currency by the National Bank decreased by 17.1%. The National Bank sold 2,208.7 million USD on the foreign exchange market and bought back 17.5 million USD for reserves. The NBU noted that the value of financial instruments increased by USD 742.5 million in April as a result of revaluation. The current volume of international reserves, according to the NBU’s calculations, allows covering 5.6 months of future imports.
