Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 30 OCTOBER 2015

Reduction Of NBU "Anti-Crisis" Measures

Dentons
Explore more from Dentons

New Resolution No. 718 of the Management Board of the National Bank of Ukraine ("NBU") dated 22 October 2015 (the "Resolution") enters into force as of 23 October 2015.

UkraineFinance and Banking
Natalia Selyakova
Natalia Selyakova
Author LinkedIn connections

New Resolution No. 718 of the Management Board of the National Bank of Ukraine (“NBU”) dated 22 October 2015 (the “Resolution”) enters into force as of 23 October 2015.

The Resolution amends and updates the existing “anti-crisis” Resolution of the NBU No. 581 dated 03 September 2015. According to the NBU’s press-release, the purpose of the new Resolution is to increase foreign exchange earnings in Ukraine.

The mandatory sale of 75 percent of foreign currency proceeds received from abroad by legal entities (except banks), individual entrepreneurs, and foreign representative offices (except for official (diplomatic) representative offices) no longer extends to:

  • Projects which are carried out under agreements relating to Ukraine's participation in the European Union‘s international programs.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

NBU Continues To Ease Currency Restrictions In Ukraine: New Opportunities For Individuals And Businesses

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.
UkraineFinance and Banking
Kinstellar
Kinstellar
Article

Amendments To The Civil Code Of Ukraine Regarding Factoring Regulation

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.
UkraineFinance and Banking
NAZALI Attorney Partnership
NAZALI Attorney Partnership