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THE NATIONAL BANK OF UKRAINE AMENDED THE PREVIOUSLY PASSED RESOLUTIONS TO STEADY UKRAINIAN CURRENCY MARKET
Arzinger, Kyiv, Ukraine, Wed, Nov 5, 2014
On 30 October 2014 the NBU by its Resolution No. 685 (the "Resolution No. 685") amended
Resolution No. 540 dated 29 August 2014 and canceled the ban on the following transactions in
foreign currency:
• settlements under import transactions without actual importation of goods to Ukraine;
• payments under import contracts, under which products have been imported to Ukraine under
customs clearance carried out on the basis of an import customs declaration with the date of
clearance exceeding 180 days.
Besides, amendments were introduced to the NBU Resolution No.597 dated 30 December 2003,
regarding the price of services (work, IP rights), payment of which requires obtaining of an act of
pricing expertise from the National Research and Information Center for Monitoring International
Commodity Markets. Respective amount has been decreased from 100,000 to 50,000 euros.
The Resolution No. 685 becomes effective on 3 November 2014.
We would be happy to answer any of your questions on banking activity in Ukraine, should the need arise.
Kind regards,
Oleksander Plotnikov, Counsel
Tel. +38 044 390 55 33
Oleksander.Plotnikov@arzinger.ua
