On January 14, 2026, the National Bank of Ukraine introduced the next stage of easing currency restrictions for companies. The key idea is to give businesses more tools to work with currency, loans, and investments without disrupting financial stability.
Key changes
A new “borrowing limit” has been introduced – an additional mechanism that allows companies to carry out currency transactions within the amount of funds received in the form of external credits and loans after January 1, 2026.
This limit allows, in particular:
- to repay “old” loans and pay interest on them (received before June 20, 2023);
- to pay for imported goods delivered before February 23, 2021;
- return prepayments to non-residents for goods paid for before February 23, 2022;
- finance their foreign separate divisions;
- repatriate dividends in excess of standard limits.
Stimulating currency liberalization is expanding — the old restrictions work in conjunction with the investment limit (which is tied to the volume of foreign investment in authorized capital from May 2025), and now also to the borrowing limit. This effectively gives businesses several “windows” for conducting currency transactions that were previously prohibited.
Why is this important
Additional mechanisms give Ukrainian companies more freedom in the use of foreign currency revenues, which contributes to:
- restructuring and repayment of debt obligations;
- improvement of financing conditions for foreign economic activity;
- reducing operational risks in foreign currency.
At the same time, the overall currency control system remains restrained, as Ukraine is still under currency restrictions due to the state of war. All transactions that go beyond the standard rules must be carried out within the established limits or in the manner determined by the NBU.