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CONDENSED SEPARATE FINANCIAL INFORMATION OF VEON LTD - Condensed Statement of Cash Flows (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Investing activities |  |  |  |
Other cash flows from investing activities |  | $ 0 | $ 0 | $ (1)
Financing activities |  |  |  |
Proceeds from borrowings net of fees paid | [1] | 971 | 955 | 194
Repayment of borrowings | [2] | 1,296 | 1,333 | 951
Net increase / (decrease) in cash and cash equivalents |  | 14 | (179) | (1,271)
Cash and cash equivalents at beginning of period |  | 1,689 |  |
Cash and cash equivalents at end of period |  | 1,732 | 1,689 |
Repayment of debt | [2] | (1,296) | (1,333) | (951)
Veon Ltd. |  |  |  |
Operating activities |  |  |  |
Net cash flows from operating activities |  | (41) | (80) | (104)
Investing activities |  |  |  |
Receipt of capital surplus from a subsidiary |  | 0 | 0 | 0
Other cash flows from investing activities |  | (3) | 4 | 2
Net cash flows used in investing activities |  | (3) | 4 | 2
Financing activities |  |  |  |
Proceeds from borrowings net of fees paid |  | 59 | 88 | 100
Repayment of borrowings |  | 13 | 16 | 0
Net cash flows generated from financing activities |  | 46 | 72 | 100
Net increase / (decrease) in cash and cash equivalents |  | 2 | (4) | (2)
Cash and cash equivalents at beginning of period |  | 0 | 4 | 6
Cash and cash equivalents at end of period |  | 2 | 0 | 4
Repayment of debt |  | $ (13) | $ (16) | $ 0
[1] | * Fees paid in 2025 for borrowings were US$9 (2024: US$9, 2023: US$18).
[2] | *** Certain prior period comparatives have been represented to conform with the current year presentation.

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