By Resolution No. 88, dated 7 September 2017, the Management Board of the National Bank of Ukraine (the NBU) has cancelled the registration requirement for the loan agreements entered into between the Ukrainian borrowers and international financial institutions. Furthermore, the NBU has allowed the purchase of foreign currency for payments under the loan agreements with international financial institutions contemplating local currency loans to the Ukrainian borrowers.
The aforementioned changes simplify the formalization of transactions with international financial institutions and stimulate the increase of financing provided to Ukrainian companies in the local currency.
For further information please contact Asters' partner Iryna Pokanay
and counsel Gabriel Aslanian.