On 25 April 2026, Resolution No. 43 of the Board of the National Bank of Ukraine (NBU) came into force, amending Resolution dated 24.02.2022 No. 18 “On the operation of the banking system during the period of martial law”.
In particular, the Resolution provides for the following changes:
- legal entities-residents purchasing foreign currency are permitted to disregard the balance of funds in their accounts if such funds are intended for security and defence forces or have been received from foreign partners to finance government contracts;
- Ukrainian companies are permitted to purchase and transfer foreign currency for payments to members of supervisory boards and executive bodies (non-residents) accrued under civil law contracts from May 2026;
- The obligation for insurers to submit monthly solvency calculations for reinsurance with non-residents has been abolished. Instead, a requirement has been introduced to submit reports to the NBU and, where applicable, a report on the implementation of plans agreed with the NBU for the resumption of the insurer’s operations and/or financing.
It is envisaged that these changes will contribute, in particular, to ensuring the uninterrupted operation of defence enterprises and attracting highly qualified specialists to the management bodies of Ukrainian companies and banks.
We will closely monitor further developments in this area and report on them in the future Legal News.
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