The NBU has revised its forecast for Ukraine's international reserves upward to nearly $70 billion
The National Bank of Ukraine has raised its forecast for international reserves at the end of 2026 to $69.7 billion, which is $4.9 billion more than the previous estimate.
The forecast for the end of 2027 has also been revised upward to $73.7 billion, or $7.2 billion more than previously expected.
The NBU noted that the increase in reserves will be made possible by the inflow of international financial assistance. At the same time, the regulator forecasts growing demand for foreign currency due to increased imports of components for weapons production, which will require more active participation by the National Bank in the foreign exchange market.
According to the NBU’s estimates, the total amount of direct budgetary support from international partners in 2026 could reach approximately $54 billion, which should be sufficient to cover the state budget deficit.
Source: National Bank of Ukraine.
As a reminder, Ukraine received a new tranche of 3.47 billion euros from the EU.
The European Union plans to provide Ukraine with 920 million euros to restore and strengthen its energy infrastructure ahead of the winter season. This was announced by European Commission President Ursula von der Leyen.
