KYIV, Feb 7 – As of February 1, 2025, Ukraine's international reserves stood at $43.03 billion, marking a 1.8% decline ($785 million) from the previous month, according to preliminary data released by the National Bank of Ukraine (NBU) on Friday.

"Despite the decline, reserves remain near record levels... International reserves are now covering 5.3 months of future imports," said the NBU.

International reserve dynamics were first driven by the NBU's transactions in the Ukrainian FX market. In January 2025, the NBU's net FX sales decreased by 29.4% month-on-month. The NBU sold $3.756 billion on the FX market and bought $6.6 million to replenish the reserves, according to balance sheet data.