National Bank of Ukraine extends temporary currency control stabilising measures

On 1 May 2014, the Resolution of the Board of the National Bank of Ukraine (NBU) ‘On Adjustment of Activity of Financial Institutions and Execution of Currency Transactions’, dated 29 April 2014, no. 245 (Resolution 245), came into effect. This resolution supersedes the Resolution of the Board of the NBU ‘On Adjustment of Activity of Financial Institutions and Execution of Currency Transactions’, dated 28 April 2014, no. 172 (Resolution 172), which is no longer effective. Resolution 245 will be effective until 1 June 2014.

Resolution 245 establishes the following principal currency control restrictions applicable to business and individuals resident in Ukraine…

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