The National Bank of Ukraine continues to ease currency control restrictions

On 25 May 2017 the National Bank of Ukraine issued a resolution*, which further eases certain currency control restrictions, in particular:

Starting from 26 May 2017:

  • The settlement period for import-export transactions in foreign currency is now increased to 180 days (previously it was 120 days).

Starting from 12 June 2017:

  • Remittance of funds to foreign investors related to the disposal of shares/corporate rights, charter capital decrease and exit of foreign investors from legal entities is now allowed in the amount not exceeding an equivalent of USD 5 million per month;
  • Early repayment of loans secured by international financial organizations (e.g. guarantee, letter of credit, etc.) is now permitted.

Also, the National Bank of Ukraine reinforced the requirement to disclose information on final beneficiary owners of non-resident creditors when registering loan agreements with the central banking authority. The new more stringent requirement will come into effect on 12 June 2017.

We will continue to monitor the developments and keep you updated on the issue.

* The NBU Resolution No. 41 dated 25 May 2017.


Camiel van der Meij, Partner & TLS Leader,
Andrey Pronchenko, Partner, Tax and Legal Services,
Alexey Katasonov, Director, Tax and Legal Services,

75 Zhylyanska Street | Kyiv | Tel:  +380 44 354 0404 | Fax: +380 44 354 0790 | | 

This flash report is produced by PricewaterhouseCoopers’ tax and legal services department. The material contained in this alert is provided for general information purposes only and does not contain a comprehensive analysis of each item described. Before taking (or not taking) any action, readers should seek professional advice specific to their situation. No liability is accepted for acts or omissions taken in reliance upon the contents of this alert.
© 2017 Limited liability company «PricewaterhouseCoopers». All rights reserved. PwC refers to the Ukrainian member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see for further details.

We will be sending additional Flash reports as issues arise.  If you do not wish to receive these Reports, please advise by return e-mail (  Alternatively, if there is someone else in your company to whom we should send our Alerts, please let us know.

We are pleased to inform that this Flash report is also available in Ukrainian and can be sent to you upon request.