The regulator has relaxed a number of restrictions on settlements in foreign trade, but at the same time has strengthened the discipline of their observance.
The National Bank of Ukraine has adjusted the current currency restrictions for businesses, while the regulator has introduced new restrictions, although it has made certain concessions.
This is stated in a statement by the press service of the NBU.
“On the one hand, the NBU is easing a number of restrictions to support international cooperation in the field of foreign trade, as well as international projects and technical assistance programs. On the other hand, it is taking measures to strengthen the discipline of compliance with currency restrictions,” the statement says.
Ukrainian enterprises will be able to pay for imported goods without limiting the time of their delivery to Ukraine, provided that the funds are transferred in favor of a foreign export credit agency (ECA)/foreign state.
In addition, it is possible to transfer foreign currency from Ukraine for settlements within the framework of international technical assistance/border cooperation projects/programs financed by the EU.
“At the same time, residents of Ukraine receive technical assistance not only from the EU countries, but also from other countries for projects financed by foreign donors,” the department added.
Now the NBU provides the opportunity to transfer foreign currency abroad for settlements under international technical assistance projects, regardless of which state or organization finances such a project.
In order to minimize the risks of circumventing the current currency restrictions, the NBU will also ban the use of foreign currency loans to purchase securities denominated in foreign currency from November 20, 2024.
We remind you that from October 1, 2024, the National Bank of Ukraine set a temporary – for six months – limit for transfers by individuals “from card to card” (also known as P2P or C2C).