During the war, businesses repatriated $3.3B in dividends abroad.  

Thursday, August 14, 2025
During the war, businesses repatriated $3.3B in dividends abroad.  

NBU data shows that during the war the volume of repatriated business dividends now reaches $3.3B. It is noted that before the war, foreign businesses increased the transfer of dividends to parent companies overseas. In January 2022, businesses repatriated about $100M. However, in the first 23 days of February 2022, before the Russian invasion began, the volume of dividend repatriation was $320M.

On February 24 2022, the National Bank imposed strict currency restrictions and controls on capital movement. The ban lasted for more than two years, and only on May 13 2024, did the NBU allow companies to transfer dividends again, with certain restrictions. Despite the NBU’s restrictions, the volume of dividend repatriation remained significant. From May 13 to the end of 2024, businesses repatriated $1.6B in dividends. From the start of 2025 through August 6, 2025, the amount reached $1.7B. Therefore, in just over a year since currency restrictions were eased, businesses have repatriated about $3.3B in dividends.

More than 750 companies took advantage of the opportunity to repatriate dividends. Moreover, on August 6, the NBU again expanded the options for transferring dividends abroad within the new currency liberalization package.

 

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