Remittances to Ukraine decreased by $2 billion over the year

The number of bankrupt people in Ukraine has almost doubled over the past four months

The NBU data state that remittances to Ukraine from around the world through official and unofficial channels decreased to $9.6 billion in 2024, down from $11.6 billion in 2023.

Almost $2.5 billion in equivalent money was transferred to Ukraine through payment systems (created by both residents and non-residents) in 2023, which is 4.6% less than in 2023.

The average amount of one such cross-border transfer to Ukraine last year was $267 (2023: $256).

Last year, the most significant amounts of funds came to Ukraine through payment systems from the United States (19.39%), Israel (16.8%), Germany (10.8%), Italy (10.21%), and the United Kingdom (9.41%).

Three payment systems led in the number of transfers to Ukraine: Western Union, 37.58% of all transfers; MoneyGram, 19.20%; and RIA, 18.33%.

The NBU notes that in 2024, Ukrainians received humanitarian aid from several international organizations through the payment system.

Traditionally, in previous years, before the full-scale invasion, about a quarter of all private remittances to Ukraine came through payment systems. In 2024, this trend continued.

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