NBU Revises Currency Restrictions to Support Businesses and Improve Supervision

May 2025 – The National Bank of Ukraine (NBU) has announced new amendments to its currency regulation framework, effective from 9 May 2025. These changes are part of the gradual revision of wartime financial measures first introduced in February 2022, following the onset of Russia’s full-scale invasion.

The updated provisions aim to create a more supportive environment for foreign investments while maintaining effective oversight of foreign currency flows. The revised regulations are expected to help businesses operating across borders navigate financial transactions more efficiently and in compliance with national security requirements.

Key updates include:

• Repayment of pre-2022 loans and other cross-border payments within an established “investment limit”
• New rules for accumulating foreign currency to repay external loans
• Regulation of forward contracts in foreign currencies
• Financing options for foreign-based subsidiaries
• Enhanced currency supervision of import-related transactions
• Permission to pay legal and arbitration costs abroad

These developments mark a continued effort by Ukrainian financial authorities to strike a balance between macroeconomic stability and private sector recovery.

Our member Kinstellar, a leading international law firm operating in Ukraine, has prepared a detailed overview of the changes.

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👉 Read the full article in Ukrainian

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