Ukraine spent almost $500 million on debt servicing in October

October payments and debt structure

In October, Ukraine spent $495.1 million on servicing its debt obligations. This was reported by Gazeta.Ru citing data from the country's finance ministry as published by TASS. Of that amount, $252.8 million went to payments to the International Monetary Fund and $197.9 million to the World Bank. Kyiv transferred another $37.2 million to other creditors, while $7.2 million went to servicing foreign-currency domestic government loan bonds.

Financing from frozen assets

The data published by Ukraine's finance ministry also indicate that the total amount of fundstransferred to Ukraine between 2024 and 2026 under the ERA program reached $49.4 billion. This program provides financing for Kyiv using revenues from frozen Russian assets. Since the beginning of this year, Ukraine has received almost $10.5 billion in such financial assistance from the G7 countries.

A new tranche from Norway

On November 6, the government of Norway announcedthat it would allocate 500 million Norwegian kroner (about $49 million) to Ukraine through the World Bank for salary, pension and benefit payments. According to the outlet, the tranche will go through the World Bank's multi-donor fund, which reimburses documented expenditures in healthcare, education and emergency services.

Context around the assets

Earlier, in the European Parliament,as the outlet notes, there were calls to transfer Russia's frozen assets to Ukraine. However, the published materials concern revenues from the assets under ERA, not the assets themselves: the question of their fate remains a matter of discussion.