On November 20, the National Bank made changes to currency restrictions. “On the one hand, the NBU eased several restrictions to support international cooperation in foreign trade and international technical assistance projects and programs. On the other hand, it takes measures to strengthen the discipline of observing currency restrictions,” the NBU commented on its own decision.
- Ukrainian enterprises can pay for the import of goods without limiting the term of their delivery to Ukraine, provided that the funds are transferred for the benefit of a foreign export credit agency or a foreign state.
- Transferring currency abroad to pay for international technical assistance projects is now possible regardless of the country or organization that finances them.
- Ukrainian companies can partially repatriate dividends on corporate rights or shares, provided that the issuer has been in business for at least 12 months from the date of registration and at least six months have passed since the foreign investor acquired ownership of the corporate rights or shares.
The NBU also prohibited using foreign currency loans to purchase securities denominated in foreign currency.