Further eases foreign exchange restrictions

In 2024, Ukraine introduced several measures to liberalize foreign exchange regulations and expand capital market access for foreign investors through the National Bank of Ukraine’s (NBU) Resolutions No. 83 (09 July), No. 90 (19 July), No. 108 (06 September), No. 136 (19 November), and No. 155 (20 December). The NBU eased foreign exchange restrictions by allowing cross-border payments under guarantees, sureties, and war risk insurance, as well as enabling loan repayments to international financial institutions (IFIs).

Additional measures permitted fund transfers for tax payments in EU countries, purchases of carbon emission quotas, and payments under reinsurance agreements. To prevent capital outflows, restrictions were introduced on certain foreign exchange transactions for goods and services. The reforms also allowed fund transfers for import contract obligations, settlements for international technical assistance projects, and granted investors the ability to partially repatriate dividends. Furthermore, the NBU eased restrictions on the sale and purchase of investment metals and extended permission for nuclear operators to purchase foreign currency.

• Type:

  • Treatment and operation (Capital transfer and FOREX)

• Industry:

  • Not industry specific

• Sources:

  • National Bank of Ukraine, NBU Eases Some FX Restrictions, https://monetary-policy-debates.bank.gov.ua/en/news/all/natsionalniy-bank-pomyakshuye-nizku-valyutnih-obmejen-20028, 20 Dec 2024