At the end of 2025, Ukraine’s public debt reached UAH 9,042.7 billion ($213.3 billion), which is 29.5 % higher than a year earlier in hryvnia terms (28.4 % in dollar terms), the Ministry of Finance reports.
Source: Gazeta.UA
The increase of UAH 2.061 trillion ($47.3 billion) was mostly due to long-term concessional financing from international partners. About 75 % of the debt consists of external obligations, more than half of which are EU loans.
The main sources of budget financing in 2025 were loans from G7 countries totaling $37.9 billion and $12.1 billion from the European Union. Concessional EU loans have a payment deferral of 11–12 years, and part of the interest will be covered by the EU.
ERA loans do not burden taxpayers at all — they are planned to be repaid from profits from frozen Russian assets.