Ukraine’s central bank (NBU) on May 3 introduced a package of measures easing currency restrictions for enterprises, the largest such move since the beginning of Russia’s full-scale invasion in February 2022. The NBU said the purpose of the changes is "to improve the conditions for doing business in Ukraine and the entry of domestic business into new markets, as well as to support economic recovery and promote the inflow of new investments into the country." Among the moves, the NBU set the abolition of all currency restrictions on the import of works and services and the easing of restrictions on the transfer of foreign currency from representative offices in favor of their parent companies. To read the original story by RFE/RL's Ukrainian Service, click here.
Ukraine's Central Bank Sets Largest Currency Liberalization Move Since Full-Scale Invasion
Ukraine's central bank set a series of moves to liberalize currency transactions "to improve the conditions for doing business" in the country, the largest such move since Russia's 2022 invasion.