Currency restrictions relaxation

On 9 May 2025, the National Bank of Ukraine introduced amendments to existing currency restrictions aimed at their further relaxation. Those amendments initiate a process of stimulating currency relaxation designed to support the Ukrainian businesses and prevent unproductive capital outflows from the country.

• payments for imported goods delivered before 23 February 2021

• refunds to non-residents of advance payments received by residents in their Ukrainian bank accounts before 23 February 2022 made under contracts with non-residents for the sale and purchase of goods (applicable to transactions where goods were not delivered or partially delivered to Ukraine)

• fulfilling obligations under loans received by a resident provided in full or in part from non-residents before 20 June 2023 under loan agreements concluded between these parties

• financing resident expenses for maintaining branches, representative offices, and other separate subdivisions abroad without establishing a separate legal entity.

These foreign exchange operations must be conducted through one bank (which may be changed upon written request) and such bank must have documentary evidence confirming investments made after 12 May 2025.

• resident legal entities are required to have operated for at least 12 months

• financing of up to EUR1 million per year (financing for separate subdivisions established after 2021 was previously not permitted). Financing in excess of EUR1 million per year is permissible if such limit was exceeded in 2021 and documentary evidence of such expenses is provided

• monthly financing may not exceed one-quarter of the annual limit

• financing is exclusively provided through own funds in foreign currency via one bank (which may be changed upon written request)

• funds must cover only the necessary expenses for maintaining a separate subdivision (as confirmed by a detailed budget).

All resident legal entities are now permitted to pay registration, arbitration, and court fees abroad (this was previously limited to state enterprises, companies fully owned by the state, and legal entities procuring defence goods under state contracts).

Limits on corporate card payments (settlements) abroad have increased from 100,000 UAH to 150,000 UAH per month, while cash withdrawals have increased from 12,500 UAH to 17,500 UAH every 7 days.