National Bank Eases Currency Restrictions Again to Support Business
The National Bank of Ukraine introduced new changes on January 14 aimed at further easing currency restrictions for businesses and clarifying currency regulation rules to support Ukrainian enterprises.
This is reported by AgroReview
Expansion of Currency Liberalization for Companies
One of the key changes involves the introduction of a new so-called “loan” limit for companies. From now on, enterprises can utilize funds raised from abroad more flexibly. The size of this limit is determined by the amount received in the company’s account at a Ukrainian bank after January 1, 2026. Within this limit, the following is permitted:
- repayment of existing loans and payment of interest on them;
- settlements for imported goods;
- refund of advance payments to non-residents for goods;
- financing the activities of the company’s foreign subsidiaries;
- repatriation of dividends exceeding the established limit.
New Rules for Currency Transfers and Export Operations
The second important change has been the expansion of opportunities for sellers and manufacturers to make currency transfers to individuals’ accounts in cases of returns or non-delivery of goods. Such returns must be made to the payer’s account, not exceed the purchase amount, and occur within the timeframes stipulated by current legislation.
In addition, the National Bank clarified the rules of currency regulation: goods whose export is secured by insurance compensation from the “Export Credit Agency” are now exempt from the maximum settlement deadlines. Also, the list of operations subject to maximum settlement deadlines has been amended to exclude the export of insurance services.
The National Bank of Ukraine eased a number of currency restrictions and clarified currency regulation rules on January 14 to support the operation of Ukrainian businesses.