Ukraine's international reserves for February 2025 decreased by 6.7%, making $ 40.1 billion on March 1. The reduction of reserves was the result of currency interventions of the National Bank of Ukraine and public debt payments in foreign currency.
According to the National Bank of Ukraine, the main factors of changes in the volume of international reserves were transactions in the foreign exchange market and fulfillment of obligations on public debt. It is noted that in February 2025, the net sale of the NBU currency decreased by 19.4% compared to January of that year. The National Bank sold $ 3.022 billion in the foreign exchange market and bought only $ 0.5 million.
At the same time, the government received $ 255 million from the placement of foreign exchange bonds of domestic loan (T -bills). The costs of servicing and repayment of public debt amounted to $ 341.6 million, of which 275.3 million were aimed at paying debt to the World Bank, and 12.2 million to servicing foreign exchange T -bills. In addition, Ukraine has paid $ 428.9 million to the International Monetary Fund.
Despite the decline in international reserves, the NBU assures that they remain at a level sufficient to ensure the stability of the foreign exchange market and financing 4.9 months of future imports. In particular, it should be noted that the revaluation of financial instruments in February led to an increase in their value by $ 673.4 million.
