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Укр Andriy Dubas on Kyiv 98 FM radio: on EU macro-financial assistance, the state of the national budget, and the prospects for the cryptocurrency market
Andriy Dubas on Kyiv 98 FM radio: on EU macro-financial assistance, the state of the national budget, and the prospects for the cryptocurrency market
Macro-financial assistance: stability in times of war
Andriy Dubas explained the mechanism of the new financial support program for Ukraine from the G7 countries. It is not about the direct use of frozen Russian assets, but about generating profits from them, which are used as collateral for financing. Thus, the funds received by Ukraine, in particular the latest tranche of €1 billion, are used to cover the budget deficit and finance social spending.
“Today, Ukraine's state budget covers about 50% of expenditures from its own revenues. The other half is provided by our international partners. This is critically important support that makes it possible to maintain financial stability in the country,” Andriy Dubas noted.
He added that in 2025, the total amount of international aid already contracted reached $39 billion, and this amount is likely to increase.
Cryptocurrencies: challenges and the need for regulation
Special attention was paid to the cryptocurrency market in Ukraine. The AUB president emphasized that this area has great potential but is not fully regulated.
“The virtual asset market in Ukraine needs a clear legal framework. Today, there is a discussion about which body should act as the regulator — the NBU, the NSSMC, or the Ministry of Digital Transformation. It is important that regulation is effective and at the same time does not hinder the development of innovation,” he commented.
Andriy Dubas also drew attention to the rapid growth in popularity of stablecoins — virtual assets pegged to traditional currencies such as the US dollar. In his opinion, stablecoins could significantly transform the payments market and become an alternative to traditional card transfers.
Optimism despite challenges
Concluding the conversation, the President of the AUB emphasized that the banking sector remains stable despite the challenges of war. He also noted the effectiveness of the reforms that were carried out after 2014 and thanked international partners for their support:
“We are grateful for the financial cushion that allows Ukraine to maintain its course, curb inflation, and ensure the country's basic economic viability.”
