The National Bank Of Ukraine Significantly Eases The Temporary Currency Restrictions

The National Bank of Ukraine has introduced significant changes to foreign currency restrictions, expanding opportunities for individuals to purchase and use foreign currency, make cross-border payments, and conduct investment transactions. These regulatory amendments also provide Ukrainian companies with greater flexibility for international business operations, including new incentive-based liberalisation mechanisms and enhanced support for export activities.

Effective use of existing resources is a mandatory feature of every individual so is for the whole countries.

On August 20, 2015 the Board of the National Bank of Ukraine (the "NBU") adopted the list of legal acts, which modified some rules on the monetary and foreign exchange market of Ukraine.

Ukrainian businesses with foreign bank accounts face specific reporting obligations to the National Bank of Ukraine (NBU). Understanding when these requirements apply, what information must be disclosed, and how to comply with statistical reporting rules is essential for companies operating across borders.

Following recent regulatory changes implementing the concept of escrow accounts into Ukrainian legislation, the National Bank of Ukraine (the NBU) developed a procedure for the opening ...

The tough currency policy pursued by the National Bank of Ukraine (‘NBU’) is conditioned by the need to maintain and regulate the national currency rate and control and limit the inflow and outflow of foreign currency in the country.

On 4 January, the National Bank of Ukraine (the "NBU") approved and published a number of regulations setting out a new legislative framework ...

The Law on introduction of amendments into certain Ukrainian legislative instruments pertaining to the renewal of crediting (the "Law"), dated 03.07.2018.

On 24 November 2009 the new law which aims to mitigate the consequences of the financial downturn became effective in Ukraine.

Ukraine has adopted a comprehensive new factoring law that harmonizes its legal framework with international standards, specifically the UNIDROIT Model Law on Factoring. The legislation establishes clear definitions, requirements, and protections for factoring agreements while eliminating regulatory conflicts by transferring factoring regulation from the Civil Code to dedicated legislation.