The NBU announced how it plans to use frozen Russian assets

If Ukraine gains access to frozen Russian assets, it plans to use these funds to cover the state budget deficit in 2026. This was announced by the Governor of the National Bank of Ukraine, Andriy Pyshnyi, after a meeting with representatives of the United Kingdom. He noted that thanks to the domestic debt market and the support of partners, Ukraine avoided issuing debt to finance the budget deficit in 2023-2024, and this approach remains a priority.

Pyshnyi also stressed the importance of access to Russia's frozen assets to compensate Ukraine for losses, estimating them at $176 billion as of the beginning of 2025. He said that the cost of rebuilding the country is $524 billion, and hopes that 2026 will be the year when Ukraine receives funding from frozen Russian assets.

Source: TrueUA