First review of the new 48-month US$8.1bn Extended Fund Facility approved 26 Feb 2026. Staff mission began 27 May; Board completion would unlock a tranche of about US$686m (SDR 503m). (Provisional — late-June Board date contingent on end-June reform benchmarks.)
Upcoming
24 key official events ahead36th NATO summit, hosted by Turkiye at the Bestepe Presidential Complex in Ankara on 7-8 July 2026. Ukraine support, defence spending and the eastern flank are expected to feature; Ukraine typically attends as a partner.
Monthly Consumer Price Index release covering June 2026 (~9th-10th of the month). Provisional exact day.
Parliament must extend martial law and general mobilization before the current 90-day period expires on 2 August 2026; the vote is taken in the days beforehand. (Provisional date within the late-July window.)
Scheduled NBU Board monetary policy meeting; decision and press briefing at 14:00 Kyiv time. A quarterly 'forecast' meeting accompanied by a new Inflation Report. Key rate currently 15%.
Quarterly macroeconomic forecast and Inflation Report accompanying the July key-rate decision, published per the official monetary-policy publications schedule.
Monthly Consumer Price Index release covering July 2026 (~9th-10th of the month). Provisional exact day.
Parliament's autumn session opens on the first Tuesday of September, as fixed by Article 83 of the Constitution. First plenary sittings set the autumn legislative agenda (budget 2027, mobilization, EU-accession laws).
Monthly Consumer Price Index release covering August 2026 (~9th-10th of the month). Provisional exact day.
Second review of the 48-month US$8.1bn EFF approved 26 Feb 2026, expected on or after 1 September 2026; completion would release a further 2026 tranche (the programme envisages about US$3.8bn across 2026). (Provisional — exact Board date depends on the staff mission and benchmarks.)
Scheduled NBU Board monetary policy meeting; decision and press briefing at 14:00 Kyiv time. An interim 'risk-assessment' meeting (no new full forecast).
Monthly Consumer Price Index release covering September 2026 (~9th-10th of the month). Provisional exact day.
Next 90-day extension of martial law and general mobilization, voted before the period that began 2 August 2026 lapses (~late October / early November). (Provisional date within the window.)
Scheduled NBU Board monetary policy meeting; decision and press briefing at 14:00 Kyiv time. A quarterly 'forecast' meeting accompanied by a new Inflation Report.
Quarterly macroeconomic forecast and Inflation Report accompanying the October key-rate decision, published per the official monetary-policy publications schedule.
Monthly Consumer Price Index release covering October 2026 (~9th-10th of the month). Provisional exact day.
Monthly Consumer Price Index release covering November 2026 (~9th-10th of the month). Provisional exact day.
Final scheduled NBU Board monetary policy meeting of 2026; decision and press briefing at 14:00 Kyiv time. An interim 'risk-assessment' meeting closing out the year.
Monthly Consumer Price Index release covering December 2026, giving full-year 2026 inflation (~9th-11th of January). Provisional exact day.
First NBU Board monetary policy meeting of 2027, a quarterly forecast meeting with a new Inflation Report. (Provisional — the NBU had not yet published its 2027 meeting calendar; date estimated from the usual late-January Thursday slot.)
Parliament's spring session opens on the first Tuesday of February per Article 83 of the Constitution. (Provisional — exact opening sitting depends on the published 2027 sessional calendar.)
Interim 'risk-assessment' NBU Board monetary policy meeting. (Provisional — 2027 calendar not yet published; date estimated from the typical mid-March Thursday slot.)
Quarterly forecast NBU Board meeting with a new Inflation Report; markets watch for the start of the easing cycle (the NBU signalled no cuts before Q2 2027). (Provisional — 2027 calendar not yet published; date estimated from the typical late-April Thursday slot.)
Interim 'risk-assessment' NBU Board monetary policy meeting. (Provisional — 2027 calendar not yet published; date estimated from the typical mid-June Thursday slot.)
Recent events
ua48Zelenskyy shows Trump photos of burning Lavra at G7, shifting US stance on Ukraine
At the G7 summit in Evian-les-Bains on 16 June, Ukrainian President Volodymyr Zelenskyy showed US President Donald Trump photographs of the burning Dormition Cathedral at Kyiv Pechersk Lavra, struck by a Russian missile the previous day. According to Politico, the images visibly affected Trump and were likely the final push that moved Washington toward firmer support for Ukraine. G7 leaders tailored their case to Trump's view of the war, casting Ukraine as winning. The G7 agreed to expand military support for Kyiv, including more air defense, interceptor missiles, and long-range capabilities, and backed new sanctions on Russia. Canada and Britain also announced new sanctions and aid packages. Diplomats cautioned that gains could be fragile if Trump shifts position.
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Zelenskyy shows Trump photos of burning Lavra at G7, shifting US stance on Ukraine
At the G7 summit in Evian-les-Bains on 16 June, Ukrainian President Volodymyr Zelenskyy showed US President Donald Trump photographs of the burning Dormition Cathedral at Kyiv Pechersk Lavra, struck by a Russian missile the previous day. According to Politico, the images visibly affected Trump and were likely the final push that moved Washington toward firmer support for Ukraine. G7 leaders tailored their case to Trump's view of the war, casting Ukraine as winning. The G7 agreed to expand military support for Kyiv, including more air defense, interceptor missiles, and long-range capabilities, and backed new sanctions on Russia. Canada and Britain also announced new sanctions and aid packages. Diplomats cautioned that gains could be fragile if Trump shifts position.
At the G7 summit in Evian-les-Bains on 16 June, Ukrainian President Volodymyr Zelenskyy showed US President Donald Trump photographs of the burning Dormition Cathedral at Kyiv Pechersk Lavra, struck by a Russian missile the previous day. According to Politico, the images visibly affected Trump and were likely the final push that moved Washington toward firmer support for Ukraine. G7 leaders tailored their case to Trump's view of the war, casting Ukraine as winning. The G7 agreed to expand military support for Kyiv, including more air defense, interceptor missiles, and long-range capabilities, and backed new sanctions on Russia. Canada and Britain also announced new sanctions and aid packages. Diplomats cautioned that gains could be fragile if Trump shifts position.
ua46Ukraine strikes Crimean railway bridge, Moscow Oil Refinery, and multiple fuel depots in coordinated logistics attack
Ukraine's General Staff reported a coordinated overnight strike on June 19-20 targeting Russian military logistics infrastructure. Ukrainian forces struck a railway bridge over the North Crimean Canal near Rozdolne in occupied Crimea and a road bridge over the Kalka River near Hranitne in Donetsk region. The Moscow Oil Refinery was hit, with at least five active fire zones reported, including damage to primary and secondary processing units and a tank farm. In Russia's Rostov region, the Gukovo oil depot was struck and set on fire. Additional strikes hit fuel depots in Mariupol and Piatypillia, a Russian command post near Soledar, and a logistics warehouse near Boikivske in Donetsk region. The General Staff also confirmed damage assessments from earlier strikes on June 13-14, including destruction of seven storage tanks at the Palkino oil pumping station in Yaroslavl region, damage to three tanks and a pipeline at the Kotovsky facility in Volgograd region, and damage to five vertical storage tanks at the Tamanneftegaz oil terminal in Krasnodar Krai. These strikes are part of Ukraine's ongoing campaign to disrupt Russian supply routes to occupied Crimea and front-line forces.
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Ukraine strikes Crimean railway bridge, Moscow Oil Refinery, and multiple fuel depots in coordinated logistics attack
Ukraine's General Staff reported a coordinated overnight strike on June 19-20 targeting Russian military logistics infrastructure. Ukrainian forces struck a railway bridge over the North Crimean Canal near Rozdolne in occupied Crimea and a road bridge over the Kalka River near Hranitne in Donetsk region. The Moscow Oil Refinery was hit, with at least five active fire zones reported, including damage to primary and secondary processing units and a tank farm. In Russia's Rostov region, the Gukovo oil depot was struck and set on fire. Additional strikes hit fuel depots in Mariupol and Piatypillia, a Russian command post near Soledar, and a logistics warehouse near Boikivske in Donetsk region. The General Staff also confirmed damage assessments from earlier strikes on June 13-14, including destruction of seven storage tanks at the Palkino oil pumping station in Yaroslavl region, damage to three tanks and a pipeline at the Kotovsky facility in Volgograd region, and damage to five vertical storage tanks at the Tamanneftegaz oil terminal in Krasnodar Krai. These strikes are part of Ukraine's ongoing campaign to disrupt Russian supply routes to occupied Crimea and front-line forces.
Ukraine's General Staff reported a coordinated overnight strike on June 19-20 targeting Russian military logistics infrastructure. Ukrainian forces struck a railway bridge over the North Crimean Canal near Rozdolne in occupied Crimea and a road bridge over the Kalka River near Hranitne in Donetsk region. The Moscow Oil Refinery was hit, with at least five active fire zones reported, including damage to primary and secondary processing units and a tank farm. In Russia's Rostov region, the Gukovo oil depot was struck and set on fire. Additional strikes hit fuel depots in Mariupol and Piatypillia, a Russian command post near Soledar, and a logistics warehouse near Boikivske in Donetsk region. The General Staff also confirmed damage assessments from earlier strikes on June 13-14, including destruction of seven storage tanks at the Palkino oil pumping station in Yaroslavl region, damage to three tanks and a pipeline at the Kotovsky facility in Volgograd region, and damage to five vertical storage tanks at the Tamanneftegaz oil terminal in Krasnodar Krai. These strikes are part of Ukraine's ongoing campaign to disrupt Russian supply routes to occupied Crimea and front-line forces.
ua43Zelenskyy arrives in Brussels for Ukraine Defence Contact Group meeting
Ukrainian President Volodymyr Zelenskyy arrived in Brussels on 17 June to attend a meeting of the Ukraine Defence Contact Group (Ramstein format), where he is expected to address participants. Defence Minister Mykhailo Fedorov accompanied him. The meeting follows a prior discussion between Zelenskyy and NATO Secretary General Mark Rutte, underscoring continued Western coordination on military support for Ukraine.
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Zelenskyy arrives in Brussels for Ukraine Defence Contact Group meeting
Ukrainian President Volodymyr Zelenskyy arrived in Brussels on 17 June to attend a meeting of the Ukraine Defence Contact Group (Ramstein format), where he is expected to address participants. Defence Minister Mykhailo Fedorov accompanied him. The meeting follows a prior discussion between Zelenskyy and NATO Secretary General Mark Rutte, underscoring continued Western coordination on military support for Ukraine.
Ukrainian President Volodymyr Zelenskyy arrived in Brussels on 17 June to attend a meeting of the Ukraine Defence Contact Group (Ramstein format), where he is expected to address participants. Defence Minister Mykhailo Fedorov accompanied him. The meeting follows a prior discussion between Zelenskyy and NATO Secretary General Mark Rutte, underscoring continued Western coordination on military support for Ukraine.
ua41Zelenskyy and Belgian PM discuss F-16 delivery schedule in Brussels
Ukrainian President Volodymyr Zelenskyy met Belgian Prime Minister Bart De Wever in Brussels on 18 June to discuss the timeline for F-16 fighter jet deliveries to Ukraine. Belgium confirmed the first F-16s will arrive this year, with seven jets pledged (four for spare parts), and is preparing a new aid package under the PURL programme. The meeting underscores ongoing Western military support for Ukraine's air defense needs.
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Zelenskyy and Belgian PM discuss F-16 delivery schedule in Brussels
Ukrainian President Volodymyr Zelenskyy met Belgian Prime Minister Bart De Wever in Brussels on 18 June to discuss the timeline for F-16 fighter jet deliveries to Ukraine. Belgium confirmed the first F-16s will arrive this year, with seven jets pledged (four for spare parts), and is preparing a new aid package under the PURL programme. The meeting underscores ongoing Western military support for Ukraine's air defense needs.
Ukrainian President Volodymyr Zelenskyy met Belgian Prime Minister Bart De Wever in Brussels on 18 June to discuss the timeline for F-16 fighter jet deliveries to Ukraine. Belgium confirmed the first F-16s will arrive this year, with seven jets pledged (four for spare parts), and is preparing a new aid package under the PURL programme. The meeting underscores ongoing Western military support for Ukraine's air defense needs.
ua40Russian forces reach outskirts of Kostiantynivka, DeepState warns of slow siege
Background: Ukrainian forces have been preparing for a Russian summer offensive in Donbas strongholds Chasiv Yar and Kostiantynivka, which guard the approach to Sloviansk and Kramatorsk, with slow Russian advances and high casualties. Today: Ukrainian monitoring group DeepState reports that Russian forces have reached the outskirts of Kostiantynivka from multiple directions and are increasingly infiltrating the city, mirroring the gradual siege tactics used at Pokrovsk. Russian infantry have entered the eastern part of the city through Novodmytrivka, with additional pressure from Berestok and Illinivka. DeepState warns that Moscow's immediate objective is to reach the narrow northern corridor connecting Kostiantynivka with rear supply routes, and that the fall of the city is 'a matter of time' if current trends continue. The loss would significantly complicate Ukrainian logistics and increase the threat to the Sloviansk-Kramatorsk urban area.
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Russian forces reach outskirts of Kostiantynivka, DeepState warns of slow siege
Background: Ukrainian forces have been preparing for a Russian summer offensive in Donbas strongholds Chasiv Yar and Kostiantynivka, which guard the approach to Sloviansk and Kramatorsk, with slow Russian advances and high casualties. Today: Ukrainian monitoring group DeepState reports that Russian forces have reached the outskirts of Kostiantynivka from multiple directions and are increasingly infiltrating the city, mirroring the gradual siege tactics used at Pokrovsk. Russian infantry have entered the eastern part of the city through Novodmytrivka, with additional pressure from Berestok and Illinivka. DeepState warns that Moscow's immediate objective is to reach the narrow northern corridor connecting Kostiantynivka with rear supply routes, and that the fall of the city is 'a matter of time' if current trends continue. The loss would significantly complicate Ukrainian logistics and increase the threat to the Sloviansk-Kramatorsk urban area.
Background: Ukrainian forces have been preparing for a Russian summer offensive in Donbas strongholds Chasiv Yar and Kostiantynivka, which guard the approach to Sloviansk and Kramatorsk, with slow Russian advances and high casualties. Today: Ukrainian monitoring group DeepState reports that Russian forces have reached the outskirts of Kostiantynivka from multiple directions and are increasingly infiltrating the city, mirroring the gradual siege tactics used at Pokrovsk. Russian infantry have entered the eastern part of the city through Novodmytrivka, with additional pressure from Berestok and Illinivka. DeepState warns that Moscow's immediate objective is to reach the narrow northern corridor connecting Kostiantynivka with rear supply routes, and that the fall of the city is 'a matter of time' if current trends continue. The loss would significantly complicate Ukrainian logistics and increase the threat to the Sloviansk-Kramatorsk urban area.
ua39Russia returns 522 bodies to Ukraine in latest repatriation
Since February 2022, Ukraine has regularly repatriated fallen soldiers from Russia through coordinated humanitarian exchanges. The June 2025 Istanbul agreement commits both sides to repatriate 6,000 bodies each. On 18 June 2026, Russia returned the bodies of 522 people to Ukraine, the latest in a series of handovers. The operation was led by Ukraine's Coordination Headquarters for the Treatment of Prisoners of War with ICRC assistance. Interior Minister Igor Klymenko stated that full identification of remains takes about 14 months due to poor condition, with bodies often arriving in mixed bags. Of an earlier batch of 6,000, only 15% came identified, according to President Zelenskyy.
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Russia returns 522 bodies to Ukraine in latest repatriation
Since February 2022, Ukraine has regularly repatriated fallen soldiers from Russia through coordinated humanitarian exchanges. The June 2025 Istanbul agreement commits both sides to repatriate 6,000 bodies each. On 18 June 2026, Russia returned the bodies of 522 people to Ukraine, the latest in a series of handovers. The operation was led by Ukraine's Coordination Headquarters for the Treatment of Prisoners of War with ICRC assistance. Interior Minister Igor Klymenko stated that full identification of remains takes about 14 months due to poor condition, with bodies often arriving in mixed bags. Of an earlier batch of 6,000, only 15% came identified, according to President Zelenskyy.
Since February 2022, Ukraine has regularly repatriated fallen soldiers from Russia through coordinated humanitarian exchanges. The June 2025 Istanbul agreement commits both sides to repatriate 6,000 bodies each. On 18 June 2026, Russia returned the bodies of 522 people to Ukraine, the latest in a series of handovers. The operation was led by Ukraine's Coordination Headquarters for the Treatment of Prisoners of War with ICRC assistance. Interior Minister Igor Klymenko stated that full identification of remains takes about 14 months due to poor condition, with bodies often arriving in mixed bags. Of an earlier batch of 6,000, only 15% came identified, according to President Zelenskyy.
ua38Ukrainian drones strike railway bridge on key Crimea supply line, expanding logistics interdiction campaign
Background: Ukrainian drone strikes on Russian logistics routes to occupied Crimea have reduced military cargo traffic by 71% and caused severe fuel and food shortages. New development: On 18 June, Ukrainian drones struck the railway bridge over the North Crimean Canal near Rozdolne, Crimea, setting off a large fire. The bridge carries the Kerch–Dzhankoi rail line, a critical route for Russian military logistics onto the peninsula. Residents reported around 20 explosions. Satellite data also showed a fire near Vladyslavivka station. Drones also hit a road bridge at Rozdolne and two bridges on the Arabat Spit. The strike is part of a broader campaign to isolate Crimea by severing its land and rail connections, with Defense Minister Fedorov calling it a 'Logistics Lockdown.' The June campaign had previously targeted crossings near Armiansk, Dzhankoi, Chonhar, and Henichesk; open-source imagery confirmed fresh damage to the Henichesk road bridge from at least three drones. The degree of damage to the rail bridge remains unconfirmed.
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Ukrainian drones strike railway bridge on key Crimea supply line, expanding logistics interdiction campaign
Background: Ukrainian drone strikes on Russian logistics routes to occupied Crimea have reduced military cargo traffic by 71% and caused severe fuel and food shortages. New development: On 18 June, Ukrainian drones struck the railway bridge over the North Crimean Canal near Rozdolne, Crimea, setting off a large fire. The bridge carries the Kerch–Dzhankoi rail line, a critical route for Russian military logistics onto the peninsula. Residents reported around 20 explosions. Satellite data also showed a fire near Vladyslavivka station. Drones also hit a road bridge at Rozdolne and two bridges on the Arabat Spit. The strike is part of a broader campaign to isolate Crimea by severing its land and rail connections, with Defense Minister Fedorov calling it a 'Logistics Lockdown.' The June campaign had previously targeted crossings near Armiansk, Dzhankoi, Chonhar, and Henichesk; open-source imagery confirmed fresh damage to the Henichesk road bridge from at least three drones. The degree of damage to the rail bridge remains unconfirmed.
Background: Ukrainian drone strikes on Russian logistics routes to occupied Crimea have reduced military cargo traffic by 71% and caused severe fuel and food shortages. New development: On 18 June, Ukrainian drones struck the railway bridge over the North Crimean Canal near Rozdolne, Crimea, setting off a large fire. The bridge carries the Kerch–Dzhankoi rail line, a critical route for Russian military logistics onto the peninsula. Residents reported around 20 explosions. Satellite data also showed a fire near Vladyslavivka station. Drones also hit a road bridge at Rozdolne and two bridges on the Arabat Spit. The strike is part of a broader campaign to isolate Crimea by severing its land and rail connections, with Defense Minister Fedorov calling it a 'Logistics Lockdown.' The June campaign had previously targeted crossings near Armiansk, Dzhankoi, Chonhar, and Henichesk; open-source imagery confirmed fresh damage to the Henichesk road bridge from at least three drones. The degree of damage to the rail bridge remains unconfirmed.
ua36Russian forces launch over 90 attacks on Sumy region, killing three civilians
Russian forces conducted over 90 attacks on Ukraine's Sumy region, killing three civilians and wounding several others. The attacks used artillery, mortars, multiple-launch rocket systems, FPV drones, UAVs, and guided aerial bombs, damaging residential buildings, educational facilities, and infrastructure. Eighteen residents were evacuated from border areas.
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Russian forces launch over 90 attacks on Sumy region, killing three civilians
Russian forces conducted over 90 attacks on Ukraine's Sumy region, killing three civilians and wounding several others. The attacks used artillery, mortars, multiple-launch rocket systems, FPV drones, UAVs, and guided aerial bombs, damaging residential buildings, educational facilities, and infrastructure. Eighteen residents were evacuated from border areas.
Russian forces conducted over 90 attacks on Ukraine's Sumy region, killing three civilians and wounding several others. The attacks used artillery, mortars, multiple-launch rocket systems, FPV drones, UAVs, and guided aerial bombs, damaging residential buildings, educational facilities, and infrastructure. Eighteen residents were evacuated from border areas.