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NBU Extends the Term of Foreign Lender Loans Prepayment Prohibition (update)

By its Resolution No. 245, effective as of 1 May 2014, the National Bank of Ukraine (the "NBU") extended the term of the prohibition of early repayment of loans provided by non-resident lenders until 1 June 2014.

Furthermore, according to Resolution No. 245, the NBU shall not register amendments to loan agreements with non-resident lenders reducing the term of fulfillment of the resident borrowers' obligations under such loan agreements or providing for early fulfillment of obligations thereunder.

For further information please contact Asters'
partner Iryna Pokanay and counsel Gabriel Aslanian.

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