On 23 August 2016 the National Bank of Ukraine (the “NBU”) issued a resolution*, which, in particular, allows for early redemption of loans granted by non-residents if the principal amount of such loans is converted into the (authorized) share capital of the debtor.

These changes come into force on 1 September 2016.

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

*The NBU Resolution No. 375 dated 23 August 2016


Camiel van der Meij, Partner & TLS Leader, camiel.van.der.meij@ua.pwc.com
Andrey Pronchenko, Partner, Tax and Legal Services, andrey.pronchenko@ua.pwc.com
Alexey Katasonov, Director, Tax and Legal Services, alexey.katasonov@ua.pwc.com

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