The American Chamber of Commerce in Ukraine welcomes steps of the National Bank of Ukraine (NBU) aimed at currency market liberalization and foreign currency control relaxation, namely the adoption of Resolution #73 “On Amendments to NBU Board Resolution #18 dated February 24, 2022” (resolution) on June 15, 2023.
With the adoption of this resolution, the NBU allows transferring funds abroad to repay certain categories of external loans secured by a guarantee or surety of an international financial institution or granted by a foreign export credit agency. This will improve the conditions for attracting funds to Ukraine and expand the opportunities for international partners to direct financing for the recovery of the Ukrainian economy.
AmCham has consistently supported the ease of currency restrictions in a step-by-step manner (provided the proper prerequisites are met) to develop business, revive economic activity, and attract investments for Ukraine’s reconstruction.
