Ukraine Lifts Limitations Introduced During Crisis

On 24 November 2009, the Ukrainian government introduced a number of limitations to minimise the consequences of the global financial crisis. The lifting of these limitations should signal to potential investors that Ukraine feels confident about the future of its economic and financial system.

Bans lifted

In May 2010, the Ukrainian government lifted the following.

• The ban on early repayment of loans by resident borrowers to non-resident lenders. The pre-term fulfillment of obligations of resident borrowers vis-à-vis non-resident lenders under cross-border financings is no longer prohibited.
• The ban on amendments to loans whereby repayment terms were shortened. In particular, it is no longer prohibited to introduce amendments whereby the terms of performance of obligations of resident borrowers vis-à-vis non-resident lenders were shortened, or an early repayment is agreed upon. It is no longer prohibited for the National Bank of Ukraine to register