Head of NBU Named the Size of Critically Necessary Aid to Ukraine in 2025.

Ukraine met the expectations of its partners and exceeded their forecasts regarding the consolidation of its capabilities, the implementation of reforms, and the fulfillment of commitments. Therefore, international aid will continue to flow into the country. This was stated by the head of the National Bank of Ukraine Andriy Pyshnyy.

According to him, the National Bank anticipates improved conditions for economic activity. However, he emphasized that the risks associated with the war are crucial for the forecast. One of the forecast assumptions is that international aid will continue to flow. Ukraine remains dependent on it, not due to poor performance, but precisely because of the successful consolidation of its capabilities, the implementation of reforms, and the fulfillment of commitments, which exceeded the expectations of partners.

Andriy Pyshnyy noted that the war started by Russia has necessitated defense financing and, consequently, a significant increase in budget expenditures.

"Covering a significant part of this year's deficit ($38 billion) without external financial assistance will be very difficult, despite the successes of the domestic debt market, the increase in the tax base, and the accumulated resilience. We are grateful to the EU, the USA, the IMF, and other partners for the approved support programs," emphasized Andriy Pyshnyy.

The head of the NBU noted that funding for the coming years is not yet determined, so continuous cooperation with international partners is ongoing.

"It is critically important for Ukraine to receive no less than $31 billion in 2025 and $21 billion in 2026. We also hope for further positive decisions regarding the use of frozen Russian assets. This will greatly help to reduce the risks of insufficient funding, especially considering the elections in partner countries," concluded Andriy Pyshnyy.