Government and National Bank strengthen cooperation to ensure energy resilience and financial stability

Prime Minister of Ukraine Yulia Svyrydenko held a meeting with the Governor of the National Bank of Ukraine, Andriy Pyshnyy.

The parties discussed the draft plan for regional energy resilience and the resources required for its implementation, including opportunities for banks to finance the needs of energy sector recovery and protection.

Particular attention was given to issues of financial stability. A significant support for Ukraine will be the new Extended Fund Facility (EFF) programme from the International Monetary Fund, amounting to USD 8.1 billion for 2026–2029, which was approved by the IMF Board of Directors this week.

The meeting also addressed the need to increase business credit penetration for financing infrastructure reconstruction, including in the energy sector. Currently, this indicator stands at 8–9% of GDP. In particular, banks have already financed UAH 33 billion in the energy sector, enabling 1.3 GW of capacity, despite needs being at least three times higher. The Government and the NBU agreed to accelerate joint efforts in this direction.

“The Government is also consistently continuing its support for Ukrainian manufacturers, and we are grateful to the NBU for its openness and cooperation in this work. The NBU has increased the maximum settlement periods for export operations from 180 to 270 days for certain categories of mechanical engineering – agricultural and special machinery, in particular under UKTZED codes 8424, 8428, 8432 and 8716. The new regulation will take effect from 1 March. This is just the first step. We are working to ease export conditions for Ukrainian goods under other codes,” noted the Head of Government.