Ukraine’s international reserves increased to $57.7 billion as of February 1, 2026, reaching a new all-time high. The growth was driven primarily by external financing.
In January, reserves increased by $357.8 million compared to the previous month.
The rise was mainly supported by external financial inflows, which largely offset net foreign currency sales on the domestic market and repayments on public debt denominated in foreign currency, National Bank of Ukraine reported.
In January, $3.124 billion was credited to the government’s foreign currency accounts through World Bank channels. At the same time, $310.7 million was spent on servicing and repaying public debt in foreign currency, including $233.9 million for external government bonds and $76.8 million to other creditors. In addition, Ukraine paid $171.6 million to the International Monetary Fund.
Net foreign currency sales on the domestic market totaled $3.729 billion in January 2026, which was 20.7% lower than in December 2025.
International reserves were also boosted by the revaluation of financial instruments due to changes in market prices and exchange rates. As a result, their value increased by $1.4457 billion.
The current level of international reserves is sufficient to cover approximately six months of future imports.