Ukraine's int'l reserves decrease in Jan

MOSCOW. Feb 10 (Interfax) - Ukraine's international reserves stood at $43,003.1 million on February 1, 2025, according to preliminary information, having decreased by 1.8%, or $785 million in January, Ukrainian media said, citing the National Bank of Ukraine's website.

"[Reserves] stay close to the record level. [...] Available international reserves provide for financing 5.3 months of imports," the bank said.

National Bank transactions on the forex market influenced the dynamics of reserves among other factors. The bank's net sale of foreign currency decreased by 29.4% in January, compared to December 2024. Thus, according to balance sheet data, the bank sold $3.76 billion, while buying $6.6 million for reserves.

The second factor that influenced reserves was government revenues, as well as service and repayment of the state debt. Last month, 3 billion euros from the European Union were credited to the government's foreign currency accounts at the National Bank.

At the same time, payments for servicing and repaying the state debt in foreign currency amounted to $535.8 million, including $373.3 million for servicing and repaying foreign-currency government bonds, $85.1 million for servicing government bonds, $77.2 million for servicing and repaying the debt to the World Bank, and $0.2 million for paying other creditors of Ukraine.

The dynamics of international reserves was also affected by the revaluation of financial instruments (by changing the market value and exchange rates), due to which their value increased by $401.7 million.

In turn, net international reserves decreased by $0.79 billion, or 2.7%, to $28.313 billion in January.