NBU has removed some of the restrictions from companies that are under sanctions in Ukraine

04 July 2018, 13:37 | Economy
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The National Bank authorized persons under sanctions to carry out mandatory financial transactions within the country. This is reported by UNN with reference to the press service of the National Bank of Ukraine.

The National Bank brought its demands in accordance with the decision of the National Security and Defense Council of Ukraine (NSDC) of 21. 06. 2018 "On the application and amendment of personal special economic and other restrictive measures (sanctions)", introduced by the Decree of the President of Ukraine of 21. 06. 2018 No. 176/2018.

In particular, in accordance with paragraph 4 of this decision, the National Bank extended the mechanism for implementing the sanctions applied by the NSDC by banks, non-banking institutions, the national postal operator, payment organizations.



In addition, the National Bank has allowed individuals who have been sanctioned "to prevent the withdrawal of capital from Ukraine" to fulfill their obligations to Ukrainian counterparties, as well as to make payments to the budget, pay wages and the like.

These changes were approved by the Resolution of the Board of the National Bank of Ukraine No. 73 "On Amendments to the Resolution of the Board of the National Bank of Ukraine of October 1, 2015 No. 654" of July 3, 2018. They come into force on July 4, 2018.




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