Russian Attacks Could Cost Exporters Up to $1 Billion — NBU

Exporters from Ukraine may lose around USD 1 billion in revenues in the first quarter of 2026 due to intensified Russian attacks on port, energy and industrial infrastructure, Deputy Governor of the National Bank of Ukraine (NBU) Volodymyr Lepushynskyi said, according to Ukrinform.

The NBU points to additional risks for exports. In particular, the situation worsened in the fourth quarter of last year amid increased attacks on ports and industrial facilities.

“As a result, part of the exports was redirected to alternative routes, including rail corridors through Europe. However, overall export revenues turned out to be about USD 150 million lower than we had expected when preparing the previous (October — ed.) forecast. Risks remain significant in the first quarter of 2026 as well. Due to attacks on ports and other factors, including energy-related issues, export proceeds are likely to be USD 1 billion lower than assumed in the NBU’s previous macroeconomic forecast,” Lepushynskyi explained.

At the same time, the NBU expects a gradual recovery in the operation of seaports, which would allow Ukraine to increase exports of agricultural and metallurgical products.