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Currency restrictions will be eased in Ukraine

Currency restrictions will be eased in Ukraine

The NBU adopted Resolution No. 56, which cancels some currency restrictions introduced in connection with martial law.

Thus, currency restrictions on transfers for operations on the import of works and services have been abolished. It is also allowed to transfer funds abroad to repay loans received from non-residents until June 20, 2023, which, according to the terms of the loan agreement, are payable in the period from February 24, 2022.

In addition, restrictions on repaying loans received from non-residents after June 20, 2023 have been eased. Namely: it is allowed to buy foreign currency to pay interest on “new” loans, and the minimum term of using a “new” loan, after which it is allowed to buy foreign currency to repay such a loan, is reduced from three to one year.

It is also possible to repatriate dividends for corporate rights or shares abroad. Transfers by representative offices of international card payment systems and foreign airlines are allowed.

It is allowed to buy foreign currency and transfer funds abroad to pay airport and port fees, fines and membership fees.

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