The NBU has introduced a new set of measures to ease currency restrictions for businesses that took effect on August 6.

The new package aims to provide incentives and opportunities for businesses without creating significant additional demand in the Ukrainian currency market, the NBU stated.

The new measures are as follows:

1. Businesses will be able to repatriate dividends from 2023. Businesses can use repatriated currency in the form of dividends from abroad for other purposes, such as meeting debt obligations.
2. Opportunities to hedge currency risks are expanding. Clients will be able to conduct transactions with banks to sell foreign currency for hryvnia on forward terms, without delivering the underlying asset. Businesses will also be able to purchase foreign currency from banks on forward terms with the delivery of an underlying asset to hedge against foreign currency exchange rate fluctuations on import transactions.
3. Changes are being made to foreign currency transfers abroad to increase trust in Ukrainian entities.
4. Steps are being taken to support the domestic jewelry industry. These businesses will be able to purchase bank metals for non-cash hryvnias if certain conditions are met.
5. Approaches to regulating external loans are being aligned. The changes involve loans provided by a pool of foreign creditors, including international financial institutions (IFI). Enterprises will be able to service and repay these loans not only to the IFI, but also to other participants in the credit pool.
6. The NBU continues to implement measures to promote currency liberalization. The list of operations that legal entities can perform beyond current restrictions within the investment limit is being expanded to include the repatriation of dividends.