The National Bank is easing currency restrictions in Ukraine.

The NBU introduced additional measures to prevent unproductive outflow of capital from Ukraine and ensure the foreign exchange market’s stability.

Thus, from August 12, 2023, the NBU will introduce changes regarding the following issues: The National Bank will allow the transfer of funds in hryvnias to correspondent accounts of non-residents that were opened in Ukrainian banks, for transactions with domestic government bonds of Ukraine (OVDP) denominated in the national currency, whose member is a non-resident bank.

Commodity exchanges can transfer funds to a non-resident to return the previously deposited amount to guarantee security for participation in exchange trading.

According to the NBU’s decision, banks will not be able to complete currency supervision of goods import if there is a full or partial return of funds to the importer from a non-resident’s account opened in a Ukrainian bank.