On 4 July, 2018 the President of Ukraine signed the Law "On Currency and Currency Operations" (“the “Law”) which is aimed to replace an outdated Decree "On the System of Currency Regulation and Currency Control" which had been in force since 1993. It is expected to be the opportunity to carry out a long-awaited transition from obsolete and intricate currency regulation to the freedom of currency transactions without restrictions.
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This publication is for informational purposes only. If you would like to learn more or seek legal advice, please contact one of the following or your usual Nobles contact:
Volodymyr Yakubovskyy (partner), Olena Stanishevska (senior associate)