Kontakt
Klaus Kessler

Rechtsanwalt (Deutschland)
Partner
Niederlassungsleiter
Phone: +49 89 928 780 702
E-Mail

Contact
Yuri Nikolaychuk

Rechtsanwalt (Ukraine), Dipl.-Jur., LL. M., Steuerberater
Associate Partner
Phone: +380 (44) 586 23 03
E-Mail

5. Foreign currency regulations (Resolution of the Board of National Bank of Ukraine No. 18 dd. 24.02.2022, as amended)

The National Bank of Ukraine has implemented the following rules and restrictions:

  1. Cashless payments are made without restrictions.
  2. It is prohibited to withdraw cash in Ukrainian hryvnias over UAH 100,000 per day (withdrawal is carried out without accrual and commissions). This restriction does not apply to cash withdrawals in Ukrainian hryvnias for the purpose of payment of salaries and social benefits and to cash withdrawals in Ukrainian hryvnias that is made from accounts of enterprises and entities ensuring mobilization plans (tasks), the Government of Ukraine, and in bank branches, located in areas under threat of occupation.
  3. It is prohibited to withdraw cash from clients' accounts in foreign currency in amount exceeding the equivalent of UAH 30,000 per day (withdrawal is carried out without accrual and commissions). This restriction does not apply to cash withdrawals in foreign currency for enterprises and entities ensuring mobilization plans (tasks), the Government of Ukraine, as well as withdrawal in bank branches, located in areas under threat of occupation.
  4. The withdrawal of bank metals from customer accounts is made without restrictions within the balance of bank metals on the client's account subject to the availability of bank metals at the cash desk of the bank branch.
  5. Trade in currency values ​​is prohibited, except for operations on sale of foreign currency by clients in cash and non-cash form, operations on purchase of foreign currency by clients in cash, bank metals with physical delivery in branches, branches of banks located in endangered areas. occupation.
  6. A moratorium on cross-border foreign currency payments has been implemented, except for:

    - import operations of residents on the purchase of critical import goods according to the list set by the Cabinet of Ministers of Ukraine;
    - foreign currency transactions of residents and non-residents to conduct mobilization and other measures (needs) set by the laws of Ukraine in the areas of national security and defence;
    - operations on payment of medical expenses in medical institutions of a foreign country, payment for the transportation of patients, payment for the death of citizens abroad (transportation and funeral expenses);
    - settlements abroad using electronic means of payment or using electronic means of payment to obtain cash.

  7. Transactions with the use of accounts of residents of Russia or Belarus and legal entities whose ultimate beneficial owners are residents of Russia or Belarus are prohibited. This prohibition does not apply to social benefits, salaries, utilities, taxes, fees and other mandatory payments.
  8. It is prohibited to carry out any currency transactions involving a legal entity or an individual who is located (registered / permanently residing) in the Russian Federation or Belarus, as well as currency transactions to fulfill obligations to legal entities or individuals located (registered / permanently residing) in the Russian Federation or Belarus.
  9. Residents and non-residents are allowed to make payments to the accounts of charity founds that support the defence capability and the Armed Forces of Ukraine, in Ukrainian hryvnias and in foreign currency.
  10. It is allowed for individuals to move cash currency across the border without providing documents confirming the withdrawal of cash from their own bank accounts by resident individuals for the purpose of its export.
  11. The official exchange rate of Ukrainian hryvnia to foreign currencies was fixed as of February 24, 2022, namely, UAH 33.1707 for EUR 1 and UAH 29.2549 for USD 1.
Rödl & Partner
Kyiv

Mykoly Pymonenka Street 13
Building 1B, office 31
04050 Kyiv

Phone: +380 (44) 586 23 03
Fax: +380 (44) 586 23 04
E-Mail: kiew‎@‎roedl.com
Website: www.roedl.net/ua