The National Bank of Ukraine (the “NBU”) has eased some of the existing capital and currency control restrictions by amending the resolution it adopted on 4 December 20151.

The NBU has lifted prohibition on registration of (i) amendments to cross-border loans in case of replacement of the creditor/borrower and (ii) local foreign currency loans upon their assignment to a non-resident creditor.

These amendments were implemented by the regulation “On Amendments to Certain Legislative Acts of the NBU” adopted by Resolution No. 996 of the Board of the NBU dated 30 December 2015.