The National Bank eased currency restrictions for businesses starting September 10.

Beginning on September 10, Ukrainian businesses will be able to: 

1. Purchase and transfer foreign currency to cover carbon dioxide emissions. State-owned enterprises can buy currency and transfer it to non-residents to purchase allowances to cover or offset carbon dioxide (CO₂) emissions associated with aviation activities.
2. Payments for operations provided for by a reinsurance contract concluded with foreign nuclear insurance pools.
3. Foreign currency can be purchased and transferred by resident legal entities that are e-commerce entities that are liable for VAT payment in the EU.
4. Compensation for Eurobond coupon payments. In addition to the existing possibilities, the NBU will enable businesses to reimburse coupon payments for Eurobonds paid from February 24, 2022, to July 9, 2024 (inclusive).

“Such transfers are allowed exclusively thanks to the business’s own foreign currency (not purchased and not raised in the form of a credit or loan from a resident). Therefore, it will not have a negative impact on international reserves,” the NBU noted.