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On 8 September 2011, the National Bank of Ukraine (the "NBU") adopted Resolution No. 306 "On the Approval of Several Legislative Acts of the National Bank of Ukraine" (the "Resolution"), which became effective on 7 November 2011.

On 22 September 2011, the Parliament of Ukraine adopted Law of Ukraine No. 3795-VI "On Amendments to Several Legislative Acts of Ukraine regarding Regulation of Legal Relations between Creditors and Receivers of Financial Services" (the "Law").

On March 26, 2006 parliamentary and local elections were held in Ukraine based, for the first time in Ukrainian history, on the proportional representation system. The proportional representation system, a single nation-wide electoral district with votes allocated to political parties or election blocs r ather than to individual candidates, was implemented by recent constitutional reform.

The new Ukrainian government controlled by President Volodymyr Zelenskyy's Servant of the People party settled into office early September and laid out

Currency transfers across the customs border of Ukraine will be subject to new regulations from 27 July 2008.

The Government of Ukraine has approved a new State Target Programme for the preparation for and holding EURO 2012 in Ukraine having increased the total amount of its financing by almost UAH 16 bln (approx. EUR 1.7 bln) to reach almost UAH 142 bln (approx. EUR 15 bln).

State support of investment projects plays a significant role for both investor and the local community.

On 13 July 2011, the Antimonopoly Committee of Ukraine (the "AMC") adopted amendments to the Regulation on Concentration (the "Amendments").

Following demands from international financial and other organisations, new shareholder control procedures during acquisition of (direct or indirect) participation in Ukrainian banks and other financial institutions have recently been adopted.

In late June 2023, the NBU made two additional exemptions from the restriction of payments from Ukraine abroad and allowed Ukrainian borrowers to make cross border payments to foreign lenders...

On 16 November 2006, Verkhovna Rada (Ukrainian Parliament) passed the Law of Ukraine No. 358-V "On Amendments to Law of Ukraine "On Banks and Banking Activity" dated 16 November 2006 (the "Amendments") relating to the possibility for foreign banks to open branches in Ukraine. The following a brief summary of the provisions of the Amendments.

On 22 October 2020, the Antimonopoly Committee of Ukraine published the results of its market study of the banking services market, identifying various entry barriers for access to 17 segments of this market.

The National Bank of Ukraine has recently announced some changes in currency control rules.

The term "synthetic" loan is generally used to describe an artificial financial instrument where a loan is denominated in a base currency (X) but disbursed and repaid in a different currency (Y).

The Code replaces the Act of Ukraine on Renewal of Debtor's Solvency or Declaring It Bankrupt dated 14 May 1992 that applied previously.

The Law introduces certain amendments to the Tax Code of Ukraine. Key changes, which specifically concern the banking sector of Ukraine, are summarized briefly below...

The central bank digital currency is a digital analogue of the national fiat currency, i.e. currency backed by the government.