Ukraine - Foreign Exchange ControlsUkraine - Foreign Exchange
In December 2014, the government implemented several temporary “anti-crisis” currency restrictions aimed at regulating the foreign currency exchange market and preventing capital outflows from Ukraine. In February 2019 the NBU continued to liberalize these restrictions to:
- No foreign currency control of export-import transactions up to 150,000 UAH;
- No licenses for individual foreign currency transactions - introduction of e-limits (€2 million for legal entities and €50,000 for individuals annually);
- Repatriation of dividends;
- Ukrainian borrowers are no longer required to sell 50 percent of the foreign currency proceeds that they receive in connection with cross-border loans for the purposes of refinancing existing loans or loans from non-residents or Ukrainian banks;
- Early repayments limits of cross-border loans are cancelled.