Currency liberalization is in full swing. AmCham Ukraine leadership held an insightful meeting with Andriy Pyshnyy, Governor of the National Bank of Ukraine (NBU), Deputy Governor Yuriy Heletiy, and their team.
In focus - the largest foreign currency restrictions easing package since the beginning of Russia’s full-scale invasion. Among others, it will allow businesses to repatriate “new” dividends (up to EUR 1 million monthly), transfer funds abroad under leasing/rental agreements, repay foreign loans and interest on them (for past due interest payments as of 1 May 2024 within a quarterly limit of EUR 1 million per agreement, but this quarterly cap will not apply to future scheduled interest payments).These measures will minimize the risks of companies with foreign capital winding down their business, decrease the likelihood of default for Ukrainian borrowers, facilitate the restructuring of external loans, and foster an environment conducive to attracting new capital to Ukraine.
We are extremely grateful to NBU team for their coordinated efforts during the war, ensuring macroeconomic and financial stability, and their commitment to maintaining a transparent dialogue with business on currency liberalization.
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