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Ukraine's forex reserves up 42% on 'unprecedented' Western aid in 2023

IndiaTimes Friday, 5 January 2024
Ukraine's foreign exchange reserves grew 42% over the past year due to "unprecedented" foreign financial aid, reaching $40.5 billion as of Jan. 1, the central bank said on Friday. Kyiv has relied heavily on military and financial aid from its Western allies since the start of Russia's invasion in February 2022, but political wrangling has delayed the disbursement of major aid packages for this year. Government data shows Ukraine has received more than $73.5 billion in financial aid since the start of the war.
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