NBU allowed currency “forwards” and repayment of foreign debts by currency contributions to capital

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The National Bank of Ukraine has granted permits for foreign currency transactions on the terms of the purchase and sale of foreign currency for hryvnia (with or without delivery of foreign currency) between banks and for the sale of foreign currency banks for clients for hryvnia (with the delivery of foreign currency).

“It is expected that the impact of transactions on a forward between banks on the overall condition of the foreign exchange market will be inconspicuous, and according to the transactions of foreign currency customers under the terms” Forward “will only approach the currency supply in the market in time,” the NBU said on the Saturday.

He clarified that he thus began the implementation of conceptual notes regarding the definition of approaches, conditions and terms of restoration of the functioning of the market of foreign currency derivatives of financial instruments, prepared in the limits of fulfillment of obligations under the IMF program.

In addition, the National Bank gave Ukrainian enterprises the opportunity to carry out certain currency transactions in excess of established restrictions within the investment limit for the amount of funds raised from May 12, 2025 in the authorized capital of these enterprises from foreign investors from abroad in foreign currency and called it “stimulating currency liberation.

According to information on the site, among such transactions of payments for imports of goods, the delivery of which was made before February 23, 2021, the return of the non-resident-buyer of the prepayment for the goods, which was paid by February 23, 2022, the fulfillment Financing of such representative offices).

Such operations should be carried out through one bank (at the choice of enterprise). It is also possible to change the service bank.

According to the National Bank, the volume of debt on the principal amount of external non -guaranteed loans of Ukrainian business as of April 1, 2025 was almost $ 14 billion, at interest – over $ 7 billion, including an increase since the start of a full -scale invasion – almost $ 2 billion, respectively.

The current standards of currency regulation allow only partially fulfill the obligations for “old” external loans received by June 20, 2023: it is allowed to pay interest payments, but not earlier than the terms set in the loan agreement, and provided that as of February 24, 2022, the credit agreement was not replaced.

He added that according to a survey conducted by the NBU last year among servicing banks, Ukrainian enterprises reported the need to pay for import of goods, the delivery of which was made by February 23, 2021, in the amount of $ 3.2 billion, while carrying out such operations in accordance with the standards of currency regulation is not provided.

“Under current conditions, the NBU cannot grant permission to pay for these liabilities in full, as it will have significant consequences for the stability of the foreign exchange market and international reserves. At the same time, companies will receive permission to make such payments in the event of raising new foreign capital (within the amount of attracted funds).

In addition, the NBU allowed the payment of consular meetings from accounts opened with Ukrainian banks, to the accounts of diplomatic missions and consular institutions of Ukraine abroad.

In addition, the National Bank has introduced a simplified procedure for opening any accounts for servicemen, not just current accounts for receiving cash. Opportunities for the use of banking services are also expanding non-resident servicemen serving in the ranks of the Armed Forces of Ukraine or the National Guard of Ukraine.

The NBU specified that the relevant changes to the “military” resolution No. 18 of February 24, 2022 were made by the resolution of the Board of Regulator No. 53 of May 9 this year and came into force on May 10.

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