On 11 February 2026, the press service of the National Bank of Ukraine announced that it was preparing amendments to the procedure for payment service providers to execute payment instructions in foreign currency and bank metals and published a Draft Resolution to that effect.
The changes are aimed at bringing payment instructions into line with the international standard ISO 20022. In particular, it is proposed to introduce new codes to indicate commission fees for transferring funds in foreign currency, which will unify the procedure for determining the party paying the transfer commission.
The NBU also proposes to grant payment service providers the right to enforce the collection of tax debts in hryvnia if the debtor has funds in foreign currency accounts.
The proposed mechanism provides that the tax authority will send a payment instruction to the bank for the enforcement of debt collection in hryvnia. If the debtor’s account does not have sufficient funds in hryvnia, the bank will be obliged to sell foreign currency from the debtor’s foreign currency accounts on the interbank currency market. The funds received from such a sale in hryvnia will be credited to the client’s account, after which the amount of tax debt will be debited from it.
For businesses, these changes will have the following consequences:
- for debtors – significantly tighter financial control;
- for all participants in foreign economic activity – transition to new commission codes in accordance with ISO 20022, which in the long term will simplify and standardise international settlements.
We will closely monitor further developments in this area and report on them in the future Legal News.
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