Digest of Changes in Ukrainian Legislation
Accounting Prices for Banking Metals from the NBU
The National Bank of Ukraine has published accounting prices for banking metals such as gold, silver, platinum, and palladium. These prices are used for accounting purposes and do not obligate the NBU or other banks to buy or sell these metals at the stated prices. It is important to note that market prices may differ from the accounting prices set by the NBU.
Official Exchange Rates from the NBU
The National Bank of Ukraine has set the official exchange rates of the hryvnia against foreign currencies and special drawing rights (SDR) for a specific date. These rates are used for accounting and NBU transactions with the State Treasury Service. NBU rates are not binding for currency transactions on the market, and the actual buying and selling rate of валюта may differ.
Termination of International Treaties
The Ministry of Justice of Ukraine announced the termination of the Agreement with the Russian Federation on cooperation in the field of communications, which entered into force on March 28, 2025. Also, the Agreement with the Czech Republic on cooperation in combating crime was terminated on April 1, 2025, replacing it with a new agreement. From these dates, the legal regulation of relations between Ukraine and the respective countries based on these treaties is terminated.
Changes in E-Governance
Amendments have been made to the Procedure for the Use of Funds of the “E-Governance” Program and the Model Instruction on Documenting Management Activities.
replaced outdated terminology with modern terminology, in particular, “information and telecommunication technologies” with “information and communication technologies.” The possibilities of using a qualified electronic signature have been expanded and the mandatory use of an electronic timestamp has been introduced.
Deregulation in the Field of Seed Production
The Cabinet of Ministers of Ukraine has adopted a resolution on deregulation of economic activity in the field of seed production. A number of previous resolutions regulating the issues of the state reserve seed fund and support of agro-industrial complex enterprises have been abolished. This may affect the procedure for the formation, storage and use of seeds from the state reserve, as well as the financing and development of the agro-industrial sector.
Stimulation of Industrial Parks
The government has amended the procedures for using funds to stimulate the creation of industrial parks. The changes concern the clarification of mechanisms for financing and using budget funds, especially for communal enterprises. Non-budget accounts have been introduced for communal enterprises through which operations with budget funds will be carried out, and the procedure for transferring funds to applicants in 2025 has been determined.
Transparency in Extractive Industries
The Cabinet of Ministers of Ukraine has updated the reporting forms on payments to the state in extractive industries. The changes concern reporting forms, consolidated reporting and reporting on payments received. Updating reporting forms promotes transparency and accountability in extractive industries, as it allows monitoring financial flows and revenues to the state.
Review of each of legal acts published today:
### **On the accounting price of banking metals**
Good day! I will gladly help you understand this document.
1. **Essence of the document:** This is an official notification from the National Bank of Ukraine (NBU) on the accounting prices for banking metals (gold, silver, platinum, and palladium) as of April 11, 2025. These prices are set by the NBU for accounting purposes and do not oblige the bank to buy or sell these metals at the specified prices.
2. **Structure and main provisions:**
* The document is in the form of a table.
* It contains information on:
* Digital and alphabetic code for each metal.
* Number of troy ounces (one for each metal).
* Name of the banking metal (gold, silver, platinum, palladium).
* Accounting price in hryvnias per troy ounce of each metal.
* An important note is the caveat that the NBU is not obliged to buy or sell these metals at these accounting prices.
3. **Main provisions for use:**
* The accounting prices specified in the document can be used for accounting, asset valuation, and other financial transactions where the value of banking metals is required.
* It is important to note that these prices are indicative and are not binding for purchase and sale transactions.
* When conducting real transactions with banking metals, one should be guided by market prices, which may differ from accounting prices.
### **On the official exchange rate of the hryvnia against foreign currencies**
Good day! I will gladly help you understand this document.
1. **Essence of the document:** This is a notification from the National Bank of Ukraine (NBU) on the official exchange rates of the hryvnia against foreign currencies and special drawing rights (SDR) for a specific date – April 11, 2025. These rates are used for accounting, NBU transactions with the State Treasury Service of Ukraine (DKSU), and in other cases provided by law. It is important that the NBU is not obliged to buy or sell currency at these rates.
2. **Structure and main provisions:** The document is a table where, for each currency, its digital and alphabetic code, the number of units of currency/SDR, the name, and the official exchange rate of the hryvnia are indicated. The table presents exchange rates against the US dollar, euro, British pound, Swiss franc, Chinese yuan, and many other currencies. At the bottom, there is a note on the scope of application of the rates and the absence of obligations of the NBU to buy or sell currency at these rates.
3. **Most important provisions:** The most important thing is that these rates are official but not binding for foreign exchange transactions in the market. They are used for clearly defined purposes, such as accounting and transactions with the DKSU. This means that the real buying and selling rate of currency in banks and exchange offices may differ from that indicated in the NBU’s notification.
[https://zakon.rada.gov.ua/go/n0004323-25″>
### **Information on the Termination of International Treaties**
Good day! Let’s review this document.
1. **Essence of the document:** This is a notification from the Ministry of Justice of Ukraine regarding the termination of two international treaties. The first is the Agreement between Ukraine and the Russian Federation on cooperation in the field of communications, which terminated on March 28, 2025. The second is the Agreement between Ukraine and the Czech Republic on cooperation in combating crime, which terminates on April 1, 2025, simultaneously with the entry into force of a new agreement between the countries in this area.
2. **Structure and main provisions:** The notification contains a table with information about each treaty that is being terminated. For each treaty, its title, registration code, information on publication in the “Official Gazette of Ukraine,” and information on termination, including the date and basis, are indicated. In the case of the Czech Republic, the termination of the old agreement is related to the entry into force of a new agreement on cooperation in combating crime.
3. **Most important provisions:** It is important to pay attention to the dates of termination of the agreements, as from these dates, the legal regulation of relations between Ukraine and the respective countries based on these treaties ceases. It is also important that the termination of the agreement with the Czech Republic is related to its replacement with a new agreement, which may indicate the continuation of cooperation between the countries in this area on new terms.
[https://zakon.rada.gov.ua/go/404-2025-%D0%BF”>
### **On Amendments to Resolutions of the Cabinet of Ministers of Ukraine No. 236 of March 14, 2012, and No. 55 of January 17, 2018**
Good day! I am happy to explain the main provisions of this resolution to you.
1. **Essence of the resolution:** This resolution amends two important documents: the Procedure for Using Funds Provided in the State Budget under the “Electronic Governance” Program and the Model Instruction on Documenting Management Activities. The amendments are aimed at clarifying terminology, bringing normative acts into compliance with modern requirements of electronic document management, and improving the processes of electronic interaction between government bodies.
2. **Structure and main provisions:**
* **Procedure for Using Funds:** Obsolete terms “information and telecommunication technologies” have been replaced with “information and communication technologies,” and the wording regarding the creation, modernization, and development of electronic governance has been clarified.
* **Model Instruction on Documentation:** Amendments have been made regarding the use of qualified electronic signatures (QES) and seals, in particular, the possibility of using an advanced electronic signature based on a qualified certificate has been added. The terminology related to electronic documents has also been updated, and changes have been made to the procedure for their processing and storage.
* **Regulations for the Organization of Interaction:** Stated in a new edition, which defines the general principles of operation andusing the system of electronic interaction of executive authorities (SEI EEB). The terminology, functions and responsibilities of the subjects of the interaction system, as well as technical requirements for the integration of electronic document management systems, have been clarified.
3. **Most important provisions:**
* **Use of advanced electronic signature:** The possibilities of using electronic signatures have been expanded, which will allow for more flexible and efficient electronic document flow.
* **Mandatory use of electronic time stamp:** This will ensure accurate recording of the time the document was signed, which is important for the legal validity of electronic documents.
* **Integration of electronic document management systems:** The importance of integrating EDMS with the interaction system to ensure effective information exchange between government bodies is emphasized.
* **New revision of the Regulations for the organization of interaction:** The procedure for the functioning of the SEI EEB is detailed, which will contribute to more effective electronic interaction between government bodies.
* **Changes to the Standard Instruction on Record Keeping:** Updated references to standards and classifiers, which is necessary for record keeping in accordance with modern requirements.
I hope this explanation was helpful to you!
On recognizing as invalid certain resolutions of the Cabinet of Ministers of Ukraine regarding deregulation of economic activity in the field of seed production
Good day! Let’s review this resolution of the Cabinet of Ministers of Ukraine.
1. **Essence of the Law:**
Resolution No. 403 of April 8, 2025, is aimed at deregulating economic activity in the field of seed production by repealing a number of previous resolutions of the Cabinet of Ministers of Ukraine. This means that certain regulatory requirements and restrictions that previously existed in this area are no longer in effect.
2. **Structure of the Law:**
The resolution consists of two main parts:
* Directly the resolution on recognizing certain acts as invalid.
* A list of resolutions of the Cabinet of Ministers of Ukraine that are recognized as invalid. This list includes resolutions adopted in the period from 2003 to 2019 that regulated issues of the state reserve seed fund and support for the development of agro-industrial complex enterprises.
3. **Main Provisions:**
The most important aspect of this resolution is the abolition of regulatory acts relating to the state reserve seed fund. This may affect the procedure for the formation, storage, and use of seeds from the state reserve. Also, the changes relate to the support of agro-industrial complex enterprises, which may affect the financing and development of this industry.
On Amendments to the Procedures Approved by Resolutions of the Cabinet of Ministers of Ukraine No. 341 of March 29, 2024, and No. 644 of June 4, 2024
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specified in this resolution.
1. **Essence of the Law:**
The resolution amends the procedures for using funds to stimulate the creation of industrial parks. The main purpose of the changes is to clarify the mechanisms for financing and using budget funds, in particular, for communal enterprises that are management companies of industrial parks. Also, the resolution defines the procedure for transferring funds to applicants in 2025 if these funds were not used in 2024 due to a reduction in budget allocations.
2. **Structure and Main Provisions:**
The resolution amends two main documents:
* Procedure for the use of funds provided in the state budget for state stimulation of the creation of industrial parks (Resolution of the Cabinet of Ministers No. 341 of March 29, 2024).
* Procedure for providing funds for the arrangement of industrial (industrial) parks (Resolution of the Cabinet of Ministers No. 644 of June 4, 2024).
The changes concern the procedures for submitting applications, using funds, transferring funds to communal enterprises, as well as reporting on the use of these funds. The key innovation is the introduction of non-budget accounts for communal enterprises, through which transactions with budget funds will be carried out.
3. **Main Provisions for Use:**
* **Communal Enterprises:** Special rules are introduced for communal enterprises that are management companies of industrial parks. They are provided with the opening of non-budget accounts in the Treasury authorities for the targeted use of funds.
* **Targeted Use of Funds:** The necessity of targeted and effective use of funds received for stimulating industrial parks is emphasized. Funds cannot be used for activities not related to the specified directions.
* **Transfer of Unused Funds:** The procedure for returning unused funds in case of termination of the project implementation or liquidation of the applicant is determined.
* **Reporting:** Monthly reporting by the Treasury authorities on transactions in non-budget accounts of communal enterprises is established.
I hope this helps you better understand the essence of this resolution!
On Amendments to Appendices 1-3 to the Resolution of the Cabinet of Ministers of Ukraine No. 858 of September 23, 2020
Good day! Let’s consider the Resolution of the Cabinet of Ministers of Ukraine No. 388 of April 8, 2025.
1. **Essence of the Law:** This resolution amends the previous Resolution of the Cabinet of Ministers of Ukraine No. 858 of September 23, 2020, which concerns ensuring transparency in extractive industries. The changes concern the forms of reporting on payments to the state, consolidated reporting, and reporting on received payments. In fact, the reporting forms that companies operating in extractive industries must submit are being updated.
2. **Structure of the Law:** The resolution consists of one point, which provides for amendments to Appendices 1-3 to Resolution No. 858. Appendices 1-3 contain new versions of the forms with
Reporting:
* Report on payments to the government.
* Consolidated report on payments to the government.
* Report on payments received.
Compared to the previous version, the changes relate to updating and clarifying the information that needs to be reflected in the reports.
3. **Key Provisions:** The most important provisions are the updated reporting forms that extractive industry entities must use to report their payments to the government. This is important for ensuring transparency and accountability in the extractive industries, as it allows monitoring of financial flows and revenues to the state budget from the activities of these companies. Business entities should carefully review the new forms and requirements for their completion to ensure compliance with current legislation.
Certain Issues of Deregulation of Economic Activity in the Field of Healthcare
Good day! Let’s consider Resolution of the Cabinet of Ministers of Ukraine No. 402 of April 8, 2025, “Certain Issues of Deregulation of Economic Activity in the Field of Healthcare.”
1. **Essence of the Law:**
The resolution aims to deregulate economic activity in the field of healthcare by abolishing certain permitting procedures and excluding the Ministry of Health (MOH) from the processes of approving certain types of activities. This should simplify doing business in this area.
2. **Structure and Main Provisions:**
The resolution consists of two main parts:
* Amendments to Resolution of the Cabinet of Ministers of Ukraine No. 1109 of June 22, 1999, “On Approval of the Regulations on State Sanitary and Epidemiological Supervision in Ukraine” and Resolution of the Cabinet of Ministers of Ukraine No. 301 of March 13, 2002, “On Approval of the Procedure for согласования and Issuance of Permits for Conducting Activities Related to Artificial Changes in the State of the Atmosphere and Atmospheric Phenomena for Economic Purposes.” The changes concern the exclusion of certain powers and duties related to control and approval by the bodies of sanitary and epidemiological supervision and the Ministry of Health.
* Recognition as invalid of Resolution of the Cabinet of Ministers of Ukraine No. 1145 of December 3, 2012, “On Approval of the Procedure for Issuing and Annulment of a Special Permit for Engaging in Folk Medicine (Healing)” and Resolution of the Cabinet of Ministers of Ukraine No. 761 of October 17, 2013, “On Approval of the Procedure for Issuing a Permit for Conducting Diagnostic, Experimental, Testing, Measuring Works at Enterprises, Institutions and Organizations Whose Activities are Related to the Use of Sources of Non-Ionizing Radiation.” This means the abolition of the need to obtain special permits for engaging in folk medicine and conducting work with sources of non-ionizing radiation.
3. **Key Provisions for Use:**
The most important provisions are the abolition of the need to obtain special permits for engaging in folk medicine (healing) and for conducting diagnostic, experimental
