September 10, 2019 became the effective date of the Amendments to the Regulation on Protection Measures and Determination of the Procedure for Conduct of Certain Foreign Currency Transactions, as approved by Resolution No. 113 of the Board of the National Bank of Ukraine dated September 09, 2019.

The Amendments deleted clause 91 from Section IX of the Regulation on Protection Measures and Determination of the Procedure for Conduct of Certain Foreign Currency Transactions, approved by Resolution No. 5 of the Board of the National Bank of Ukraine dated January 02, 2019, which clause set forth the requirements

to be met by a bank in order to purchase/transfer foreign currency / Ukrainian hryvnias (UAH) for the purpose of return abroad / to non-residents’ current accounts opened in Ukraine of funds derived by foreign investors / non-residents from transactions involving sale of securities or corporate rights or funds received as a result of decrease in the authorized capital of legal entities or withdrawal of foreign investors from business companies.

Therefore, the EUR 5,000,000 per month limit on the return on foreign investments was canceled since September 10, 2019.

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