News Feed

National bank: Ukraine’s foreign reserves surpass pre-war level

1 min read

Ukraine's foreign currency assets amount to $27.95 billion as of Dec. 1, with an increase of 10.7% on November's figure thanks to “the rhythmic inflow of international aid, lower volumes of currency net sales and moderate payments of the state debt in foreign currency,” according to the National Bank of Ukraine (NBU).

Another cause for the growth in reserves was the revaluation of financial instruments following changes in market value and exchange rates, the NBU wrote.

The current volume of international reserves provides financing for 3.5 months of future imports, which is sufficient to fulfill the obligations and current operations of Ukraine's government and the National Bank, the authorities added.

On Feb. 24, when Russia’s full-scale invasion of Ukraine started, the country’s international reserves stood at $27.4 billion.

Avatar
The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

Read more
News Feed

U.S. President Donald Trump's remarks come after the Financial Times (FT) reported, citing undisclosed sources, that he asked President Volodymyr Zelensky whether Kyiv could strike Moscow or St. Petersburg if provided with long-range U.S. weapons.

"The stolen data includes confidential questionnaires of the company's employees, and most importantly, full technical documentation on the production of drones, which was handed over to the relevant specialists of the Ukrainian Defense Forces," a source in Ukraine's military intelligence told the Kyiv Independent.

Hungarian Prime Minister Viktor Orban called upon the EU to take action against Ukraine's conscription practices in an interview with Origo published on July 15, amid an ongoing dispute with Kyiv over the death of a Ukrainian conscript of Hungarian ethnicity.

Show More