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ARTICLE · 09 SEPTEMBER 2015

Continuous NBU "Anti-Crisis" Measures

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New Resolution No. 581 of the Board of the National Bank of Ukraine ("NBU") dated 3 September 2015 enters into force as of 4 September 2015.

UkraineFinance and Banking
Natalia Selyakova
Natalia Selyakova
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New Resolution No. 581 of the Board of the National Bank of Ukraine ("NBU") dated 3 September 2015 enters into force as of 4 September 2015.

Resolution No. 581 was adopted to replace the earlier "anti-crisis" Resolution of the NBU No. 354 dated 3 June 2015, as amended, that expired on 3 September 2015. As a general matter, the Resolution prolongs the previously effective anti-crisis measures, introduces some simplification for businesses and enters new restrictions. 

The prolonged measures include, among others, the following:

  • The mandatory sale of 75% of foreign currency proceeds received from abroad by legal entities (except banks), individual entrepreneurs, and foreign representative offices (except for official (diplomatic) representative offices).

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