The international funding outlook for Ukraine in 2025 appears relatively favorable, yet the issues concerning financing for 2026-2027 remain pressing.
This was stated by the First Deputy Governor of the National Bank of Ukraine (NBU), Serhiy Nikolaychuk, in an interview with "Interfax-Ukraine" agency.
According to NBU estimates, currently only about one-third of the required $65 billion has confirmed funding sources.
"Our estimates indicate that the amount of funding without confirmed sources for 2026-2027 is approximately two-thirds of that sum. There is a funding gap for the next year and an even larger gap for 2027," he said in the interview with "Interfax-Ukraine".
Nikolaychuk clarified that NBU anticipates a slightly higher need for external financing than the government for 2026-2027: $35 billion in 2026 and $30 billion in 2027, excluding the reserve intended to be formed this year from funds received through the ERA mechanism – from frozen Russian assets.