Ukraine's reserves reached $54. 7 billion as of December 1, increasing by 10.6% in November. The growth was driven by receipts from partners, which offset the NBU's net sale of foreign currency and debt payments.
Ukraine has pushed back against hedge funds' demands regarding debt restructuring, stating that its proposal to exchange $3. 2 billion in GDP warrants is the best possible solution. The Ministry of Finance of Ukraine is confident in its proposal, which is intended to restore the sustainability of public debt.
Polish Prime Minister Tusk demands to classify the first item on the agenda of Friday's Sejm meeting. According to media reports, it will concern cryptocurrencies and a detected "Russian trace."
German Chancellor Friedrich Merz canceled a trip to Oslo to persuade Belgium to support a €165 billion "reparation loan" to Ukraine. The loan is proposed to be secured by frozen Russian state assets located in Belgium.
The State Geological Survey sold a license for the Lyubinetska area in the Lviv region for UAH 110 million. The funds will go to the state budget and the American-Ukrainian Investment Fund for Reconstruction.
The US is pressuring Greece regarding its contribution to the PURL initiative, where NATO allies purchase weapons for Ukraine. Athens has not made any announcements regarding participation, citing financial constraints.
Political scientist Oleh Posternak in an op-ed for UNN on the possible consequences of Andriy Yermak's resignation for NBU Governor Andriy Pyshnyi and Investment Capital Ukraine.
The Cabinet of Ministers adopted new rules for financing small schools, which will allow more institutions to retain state educational subventions. The changes provide for a minimum number of students for lyceums and gymnasiums required to receive funds.
The National Bank of Ukraine set the official exchange rates for December 4: the US dollar fell to 42. 20 hryvnias. The euro added 4 kopecks, and the zloty – 3 kopecks.
As part of the next waves of "Winter Support" payments, over 2. 2 million Ukrainians will receive UAH 1,000. Funding for those who applied via Diia on November 18-19 will take place on December 3, and for those who applied via Ukrposhta, funds will start arriving on December 6.
The government approved three educational reforms concerning refugee teachers, colleges, and the evaluation of scientists. Refugee teachers will retain their experience, and colleges will gain autonomy starting in 2026.
Students at Cheikh Anta Diop University in Senegal clashed with security forces, demanding the payment of scholarships and financial aid. The unrest comes amid the country's acute financial problems and its debt burden of 132% of GDP.
Ukrainian Foreign Minister Andriy Sybiha announced significant progress on the issue of using frozen Russian assets. Ukraine hopes for a relevant decision to be adopted by the end of this year.
In six months, the state agency PlayCity updated gambling market rules, blocked over 2,500 online casinos, and collected over UAH 52 million in fines for illegal advertising. The lottery market was also relaunched, which will bring billions of hryvnias to the budget.
The Verkhovna Rada extended the testing period for the eExcise system until October 12, 2026. The system is expected to launch on November 1, 2026, giving businesses 10 months for testing.
The 2026 budget lays down a record need for external injections and a significant increase in expenditures. As fintech expert Olena Sosedka notes, the economy will be extremely sensitive to financing delays, and the dollar exchange rate may temporarily rise to UAH 49.
European Commission President Ursula von der Leyen informed the US administration about plans to develop a reparation loan system for Ukraine. This initiative involves using frozen Russian assets to finance Ukraine in 2026-2027, covering two-thirds of its needs amounting to 90 billion euros, with the possibility of providing 165 billion euros.
SE "Forests of Ukraine" has started selling New Year's trees, having already sold about 10,000 trees. The prices for coniferous trees are affordable, ranging from UAH 210 to UAH 280, and have hardly changed compared to last year.
President Volodymyr Zelenskyy reacted to the Rada's adoption of the 2026 budget, thanking the parliamentarians. He emphasized that this is an important signal of Ukraine's resilience and stable financial provision for next year's needs.
The European Commission is proposing a “reparation loan” of 165 billion euros to Ukraine, using frozen Russian state assets. This loan is part of a broader financial package worth up to 210 billion euros to support Ukraine.
The European Union proposes to cover two-thirds of Ukraine's financial needs, amounting to 90 billion euros, over the next two years. This will be done through EU borrowing or a reparations loan from frozen Russian assets.
The Verkhovna Rada of Ukraine adopted the State Budget for 2026. 257 MPs voted "for", 37 - "against", 24 - "abstained".
The European Commission presented two solutions for financing Ukraine in 2026-2027: EU borrowing and a "reparations loan. "
The Saeima of Latvia has adopted amendments to the law on supporting citizens of Ukraine, reducing funding and revising the set of services. The changes will affect one-time employment benefits, travel benefits, and medical services.
The Verkhovna Rada has begun considering the draft law "On the State Budget of Ukraine for 2026". A vote on the document may take place 75 minutes after the discussion of reports by Finance Minister Serhiy Marchenko and Budget Committee Chairwoman Roksolana Pidlasa.
The indictment against the Chief of Staff of the Kyiv City State Administration and the former head of the communal enterprise has been sent to court. They are accused of embezzling almost UAH 1.3 million in budget funds for the renovation of a building that already belonged to private individuals.
The Verkhovna Rada Committee on Budget voted the State Budget for 2026 for the second reading. Proposed changes include an increase in the personal income tax percentage for local budgets and additional funds for arms procurement.
A record 3,339 amendments were submitted to the draft State Budget for 2026, and three more Ukrainian budgets would have been needed to accommodate them. Local budgets were left with 64% of personal income tax, and UAH 58 billion was allocated for teachers' salaries.
The shortage of flu vaccines at the beginning of the 2025-2026 epidemic season is due to the world's transition to trivalent vaccines. Ukraine received 236,667 doses of flu vaccines, but their quantity on the private market was less than usual.
The National Bank of Ukraine has set new exchange rates for Wednesday, December 3. The dollar fell by 1 kopeck, the euro by 13 kopecks. The official dollar exchange rate is UAH 42.3342, the euro is UAH 49.1839.
