Ukraine's intl reserves fall 5.0% in Feb to $54.8 bln

Ukraine’s international reserves fell by a preliminary $2.91 billion, or 5.0%, in February 2026 to $54.75 billion as of March 1, ending growth that had continued since August 2025, the National Bank of Ukraine said Friday.

"These dynamics were driven by the NBU’s FX interventions and Ukraine’s FX debt repayments. These transactions were only partially offset by funding received from international partners and inflows from the placement of FX domestic government debt securities," the NBU reported on its website.

The government’s foreign currency accounts at the National Bank received $1 billion in February, including $690.8 million through World Bank accounts under the G7 Extraordinary Revenue Acceleration for Ukraine initiative and $309.6 million from foreign currency domestic bond placements, the bank said.

The Ukrainian government paid $804.1 million to service and repay foreign currency public debt, including $472.2 million for servicing and repaying domestic bonds and $331.9 million for debt to other creditors. Ukraine also paid the International Monetary Fund $279.7 million.

The National Bank sold nearly $2.99 billion on Ukraine’s foreign exchange market in February, down $740 million, or 19.8%, from January.

Revaluation of financial instruments increased reserve value by $152.5 million in February.

"International reserves are now covering 5.7 months of future imports," the NBU reported.