NBU toughens measures to prevent capital outflow to Russia
The National Bank of Ukraine (NBU) has toughened measures to prevent capital outflow to Russia as the aggressor state, the central bank has reported on its website.
"From now on the NBU has the right not to issue personal licenses for some currency transactions if the regulator reveals information that the participant of the transaction is a person who lives in the country which is declared the aggressor state y the Verkhovna Rada of Ukraine," the NBU said.
The NBU recalled that according to the law on providing rights and freedoms of citizens the legislative regime on the temporary occupied territory of Ukraine, Russia is declared the aggressor state.
The NBU amended the rules for issuing personal licenses for investing abroad, personal licenses for transferring of foreign currency outside Ukraine to pay for banking metals and carry out currency transactions and personal licenses for placing currency on accounts outside Ukraine by residents (companies and individuals).
The relevant amendments are outlined in NBU Board resolution No. 12 amending some NBU legislative acts dated February 21, 2017. The document took effect on February 23, 2017.
