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Business welcomes the NBU’s decision to ease foreign exchange restrictions

28/ 04/ 2026
  The European Business Association welcomes the decision of the National Bank of Ukraine to adopt another package of amendments to Resolution of the NBU Board No. 18 dated 24 February 2022, which ease a number of foreign exchange restrictions for businesses. The business community positively assesses the regulator’s consistent progress towards currency liberalisation and support for economic activity under martial law. Among the recent changes, the conditions for purchasing foreign currency for defence sector enterprises have been simplified, which will facilitate the timely fulfilment of state contracts and ensure stable operations for manufacturers. In addition, opportunities for foreign exchange transactions have been expanded to enable the engagement of highly qualified non-resident professionals in the governing bodies of Ukrainian companies. This serves as an important signal for international business and corporate governance in Ukraine. It is also worth noting the reduction of certain administrative procedures for financial institutions, particularly in the field of reinsurance. These changes send an important signal to both Ukrainian and international companies, as they will contribute to improving business operations, reducing administrative burden, increasing the predictability of financial planning, and strengthening investor confidence in the Ukrainian market. The Association highly values the open dialogue with the National Bank and the consideration of the business community’s position in shaping regulatory decisions. At the same time, we emphasise the importance of further consideration of the comprehensive package of proposals previously submitted to the NBU, which includes additional steps to support enterprises, promote exports, improve conditions for attracting investment, and gradually restore the capital market. Key business initiatives include further addressing issues related to dividend payments, external debt servicing, and settlements under import contracts, easing certain administrative procedures, and creating more favourable conditions for international economic cooperation. The European Business Association looks forward to continuing constructive dialogue with the National Bank of Ukraine and to further balanced decisions that will support economic resilience, business activity, and the restoration of Ukraine’s investment attractiveness.

The European Business Association welcomes the decision of the National Bank of Ukraine to adopt another package of amendments to Resolution of the NBU Board No. 18 dated 24 February 2022, which ease a number of foreign exchange restrictions for businesses. The business community positively assesses the regulator’s consistent progress towards currency liberalisation and support for economic activity under martial law.

Among the recent changes, the conditions for purchasing foreign currency for defence sector enterprises have been simplified, which will facilitate the timely fulfilment of state contracts and ensure stable operations for manufacturers. In addition, opportunities for foreign exchange transactions have been expanded to enable the engagement of highly qualified non-resident professionals in the governing bodies of Ukrainian companies. This serves as an important signal for international business and corporate governance in Ukraine. It is also worth noting the reduction of certain administrative procedures for financial institutions, particularly in the field of reinsurance.

These changes send an important signal to both Ukrainian and international companies, as they will contribute to improving business operations, reducing administrative burden, increasing the predictability of financial planning, and strengthening investor confidence in the Ukrainian market.

The Association highly values the open dialogue with the National Bank and the consideration of the business community’s position in shaping regulatory decisions. At the same time, we emphasise the importance of further consideration of the comprehensive package of proposals previously submitted to the NBU, which includes additional steps to support enterprises, promote exports, improve conditions for attracting investment, and gradually restore the capital market.

Key business initiatives include further addressing issues related to dividend payments, external debt servicing, and settlements under import contracts, easing certain administrative procedures, and creating more favourable conditions for international economic cooperation.

The European Business Association looks forward to continuing constructive dialogue with the National Bank of Ukraine and to further balanced decisions that will support economic resilience, business activity, and the restoration of Ukraine’s investment attractiveness.

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