Ukraine's international reserves shrink to $43B in Jan – NBU

That's according to the National Bank of Ukraine (NBU), Ukrinform reports.

"As of February 1, 2025, Ukraine's international reserves, according to preliminary data, amounted to $43.003 billion. They decreased by 1.8% in January but remain close to record levels," the report said.

The primary factors behind the change in reserve volume were operations in the foreign exchange market and incoming funds from international partners.

In January 2025, the net sale of foreign currency by the central bank decreased by 29.4% compared to December 2024. The NBU sold $3.76 billion in the foreign exchange market and bought back $6.6 million to reserves.

The government received EUR 3 billion from the European Union. At the same time, $535.8 million was directed towards servicing and repaying public debt, of which $373.3 million was for foreign-currency domestic government bonds and $85.1 million was for servicing foreign-currency foreign government bonds.

Additionally, in January, the value of financial instruments increased by $401.7 million due to their revaluation.

The current level of international reserves ensures the financing of 5.3 months of future imports.

Ukraine's international reserves grew by 8% in 2024, reaching $43.8 billion.

As of February 1, 2024, Ukraine's international reserves stood at $38.525 billion, down 4.9% from January 2024.