NBU eases forex rules for non-residents, defense contractors
The National Bank of Ukraine
The National Bank of Ukraine (NBU)
will relax restrictions on foreign exchange operations for non-residents serving
in the Ukrainian military and defense contractors, the NBU announced on April
24.
Easier currency purchases for defense firms
Banks may ignore foreign-currency balances on accounts when processing requests from defense enterprises if the funds were received from foreign governments to finance production of military or dual-use goods.
Greater currency access for non-resident servicemembers
Nonresident servicemembers will be able to buy and transfer abroad unlimited amounts of foreign currency equal to the pay they receive, provided those funds are credited to their accounts on or after May 1, 2026. Payments credited before May 1, 2026, will remain subject to the existing limit of the equivalent of UAH400,000 ($9,000) per month.
Easier currency payments for high-skilled nonresident workers
Ukrainian companies may buy and transfer foreign currency to accounts outside Ukraine held by nonresident members of supervisory boards, boards of directors, or executive bodies. Nonresidents also will be allowed to buy and transfer abroad foreign currency equal to payments credited from May 1 to their Ukrainian bank accounts.
The measures are dated April 23 and take effect April 25.
Will you support Ukraine’s free press?
Dear reader, as all news organizations, we must balance the pressures of delivering timely, accurate, and relevant stories with requirements to fund our business operations.
As a Ukrainian-based media, we also have another responsibility – to amplify Ukraine’s voice to the world during the crucial moment of its existence as a political nation.
It’s the support of our readers that lets us continue doing our job. We keep our essential reporting free because we believe in our ultimate purpose: an independent, democratic Ukraine.
If you’re willing to support Ukraine, consider subscribing to our Patreon starting from 5$ per month. We are immensely grateful.
Please help us continue fighting Russian propaganda.
Truth can be hard to tell from fiction these days. Every viewpoint has its audience of backers and supporters, no matter how absurd.
If conscious disinformation is reinforced by state propaganda apparatus and budget, its outcomes may become deadly.
There is no solution to this, other than independent, honest, and accurate reporting.
We remain committed to empowering the Ukrainian voice to push against the muck. If you’re willing to stand up for the truth – consider supporting us on Patreon starting from 5$ per month. Thank you very much.
Will you help tell Ukraine’s story to the world?
Twenty years ago, most people hadn’t even heard of Ukraine. Today, the country is on everyone’s lips and everyone’s headlines. War pushed us on the front page. But there are many other things we do that we are proud of – from music and culture to technology.
We need your help to tell the world Ukrainian story of resilience, joy, and survival. If you’re willing to back our effort, consider supporting us on Patreon starting from 5$ per month. We are immensely grateful.
Follow us on Twitter, Facebook and Google News
