With effect from 3 November 2014, the National Bank of Ukraine cancelled* recently imposed prohibition to conduct the following transactions in foreign currency:

  • to settle import transactions made without importation of goods into Ukraine's territory
  • to make payments under import agreements if goods were imported into the territory of Ukraine and customs clearance was exercised on the basis of import customs declaration exceeding 180 days.

As reported earlier, on 23 September 2014 the National Bank introduced prohibition** to conduct certain transactions in foreign currency. Considering the above changes, as of today, it is still prohibited to:

  • return abroad funds received by foreign investors under transactions on sale of securities (except state bonds of Ukraine) out of stock exchanges
  • return abroad funds received by foreign investors under transactions on sale of corporate rights of legal entities other than shares
  • return abroad foreign investor's dividends (except dividends on securities traded on stock exchanges)
  • make payments pursuant to individual licenses of the National Bank of Ukraine (except transactions for disposal of currency values ​​on banking accounts outside Ukraine pursuant to individual licenses, issued by the NBU to legal entities).