Money transfers to Ukraine down 15.4% to $3.5 bln since start of 2025 – NBU

The volume of money transfers to Ukraine in January-May 2025 decreased by 15.4% to $3.5 billion, including a 18.7% decrease in transfers of net labor remuneration and 11.2% decrease in private transfers, Ukrainian media reported with reference to the National Bank of Ukraine (NBU) balance of payments.

In May alone, the volume of private money transfers was down 13.2% to $0.7 billion.

“Salaries that Ukrainians receive from abroad decreased by 9.5%, and other private transfers through official channels went down by 9.7%,” the NBU said.

On the whole, the volume of transfers via official channels in May was 9.6% smaller than in May 2024, while transfers via informal channels shrank by 18% year-on-year, it said.

Primary incomes saw a deficit of $45 million in May 2025, compared to a $20-million surplus in May 2024.

“The decrease in labor remuneration transfers by 16.9% was faster than that of investment incomes by 2.7%. The surplus of secondary incomes decreased,” it said.

The surplus of secondary incomes was down to $0.7 billion from $1.0 billion in May 2024 due to a decrease in the volume of technical and humanitarian support, it said.

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