Resolution No. 626 of the Board of the National Bank of Ukraine dated 3 October 2014, which entered into force as of 4 October 2014, has introduced changes to the Resolution № 540 of the Board of the National Bank of Ukraine dated 29 August 2014, concerning additional “anti-crisis measures”.
The Resolution No. 626 introduces exceptions from the general rule prohibiting settlements under import operations without actual importation of goods into the territory of Ukraine documented by an import customs declaration issued for more than 180 days. Namely, it allows settlement of respective payments (i) by agricultural producers; (ii) under transactions involving foreign export credit agencies; (iii) in respect of transactions under the letters of credits issued before 4 October 2014.
Moreover, exceptions from the general rule prohibiting settlements under import operations without importing goods into the territory of Ukraine have been introduced. Namely, the following settlements with non-residents are allowed:
- Payment for travel, transportation and communication services
- Payment for services connected with the maintenance of air transport infrastructure and operating costs for the cross-border operating vehicles
- Payment for marine agency services and services related to chartering merchant marine fleet
- Payment by banks in discharge of their own obligations related to payment to correspondent banks, international communication systems; and certain others.
In addition to the previous anti-crisis restrictions on sale and receipt of cash funds in foreign currency, similar restrictions on banking metals have been imposed.
Please note that all of the above restrictions are in effect until 2 December 2014.