Digest of Ukrainian Legislation
Notification of the National Bank of Ukraine on Accounting Prices for Bank Metals
The National Bank of Ukraine has set accounting prices for bank metals such as gold, silver, platinum, and palladium for June 3, 2025. These prices are used for internal accounting and reporting purposes but are not binding for the purchase or sale of these metals by the NBU. This means that market prices may differ from the accounting prices set by the NBU.
Notification of the National Bank of Ukraine on the Official Exchange Rate of the Hryvnia Against Foreign Currencies
The National Bank of Ukraine has set the official exchange rate of the hryvnia against foreign currencies and SDRs (Special Drawing Rights) for June 3, 2025. These rates are used for accounting, NBU transactions with the State Treasury Service of Ukraine, and in other cases defined by law. It is important to note that the NBU is not obliged to buy or sell currencies at these rates.
Order of the President of Ukraine on Granting Grants to Young Workers of Culture and Arts
The President of Ukraine has issued an order on granting grants to young workers of culture and arts. Grants are provided to support their creative projects in various fields, such as theater, music, fine arts, literature, and folk art. The document clearly specifies the list of persons and projects that receive financial support, as well as the amounts of these grants.
Resolution of the Cabinet of Ministers of Ukraine on Reservation
## Reservation of Conscripted Persons
The Cabinet of Ministers of Ukraine has amended the procedure for reserving conscripted persons for the period of mobilization and wartime. The list of employees who can be reserved has been expanded, in particular, employees of critical enterprises in the fuel and energy sector. At the same time, restrictions have been established on the number of conscripted persons who are subject to reservation at enterprises that train specialists in unmanned systems, electronic warfare, and pre-medical care, as well as for employees of charitable organizations.
## Resolution of the Cabinet of Ministers of Ukraine on Attracting Funds from the Government of Japan
The Cabinet of Ministers of Ukraine has determined the conditions for attracting funds from the Government of Japan in accordance with the Agreement between Ukraine and Japan. Repayment and servicing of the loan will be carried out not at the expense of the state budget, but at the expense of other sources, including income from the frozen assets of the Russian Federation. This avoids additional burden on the state budget of Ukraine.
## Resolution of the National Bank of Ukraine on Currency Supervision
The National Bank of Ukraine has amended the Instruction on Currency Supervision by Banks over Compliance with the Deadline for Settlements on Export Operations. The list of cases when a bank may remove an export operation from control has been expanded, in particular, in the case of receiving funds from a bank-guarantor (resident) under a guarantee provided for the fulfillment of obligations to pay funds for an export transaction of goods.
## Order of the Cabinet of Ministers of Ukraine on “Government Courier”
The Cabinet Mi
Review of each of legal acts published today:
### **On the accounting price of banking metals**
This announcement by the National Bank of Ukraine (NBU) establishes the accounting prices for banking metals as of June 3, 2025. These prices are used for accounting and reporting purposes, but do not obligate the NBU to buy or sell these metals at these prices. The announcement contains information on the prices of gold, silver, platinum, and palladium, expressed in hryvnias per troy ounce.
The structure of the announcement is simple: it contains a table with codes (numerical and alphabetical), the number of troy ounces, the name of the banking metal, and the accounting price in hryvnias. Changes compared to previous versions (if any) cannot be determined based on the provided document.
The most important provision is that the accounting prices specified in the announcement are not binding for the purchase and sale of banking metals by the National Bank of Ukraine. This means that these prices are used only for internal accounting and may differ from market prices.
### **On the official exchange rate of the hryvnia against foreign currencies**
This document is an official announcement by the National Bank of Ukraine on the establishment of the official exchange rate of the hryvnia against foreign currencies and SDRs (Special Drawing Rights) for a specific date – June 3, 2025.
The structure of the document is simple: it is a table that contains information on the numerical and alphabetical codes of currencies, the number of currency/SDR units, the name of the currency/SDR, and the official exchange rate of the hryvnia to each of them. The table lists the main world currencies, such as the US dollar, euro, British pound, as well as the currencies of Ukraine’s partner countries.
It is important that these rates are used for reflection in accounting, for NBU transactions with the State Treasury Service of Ukraine, and in other cases determined by the legislation of Ukraine. At the same time, the National Bank of Ukraine does not undertake to buy or sell these currencies at these rates.
### **On the granting of grants by the President of Ukraine to young figures in the field of theater, music, circus, fine arts, as well as young writers and masters of folk art for the creation and implementation of creative projects**
The Order of the President of Ukraine concerns the granting of grants to young figures of culture and art to support their creative projects.
The document contains a list of persons who have been granted grants, indicating the field of art (theater, music, circus, fine arts, literature, folk art), the name of the project, the organization on the basis of which the project is implemented, and the amount of the grant. The order was issued on the basis of Decrees of the President of Ukraine, which regulate state support for culture and art.
The most important provision is a specific list of persons
and projects that receive financial support, as well as the amounts of these grants. This makes it possible to clearly determine who can count on state support for the implementation of their creative initiatives and for what amount.
On Amendments to the Resolution of the Cabinet of Ministers of Ukraine No. 76 of January 27, 2023
Good day! I will tell you everything now.
This resolution amends the procedure for reserving conscripts for the period of mobilization and wartime, as well as the criteria for determining enterprises, institutions, and organizations that are critically important for the functioning of the economy and ensuring the vital needs of the population in a special period.
**Structure and Main Provisions of the Amendments:**
1. **Procedure for Reserving Conscripts:**
* The list of employees who can be reserved has been clarified, in particular, employees of critically important enterprises.
* The possibility of reserving employees of legal entities that protect objects of the fuel and energy complex, if their founder is business associations, in the authorized capital of which 100% of shares belong to the state, has been added.
* Restrictions have been established on the number of conscripts who are subject to reservation at enterprises that train specialists in unmanned systems, electronic warfare, and pre-medical care, as well as for employees of charitable organizations.
2. **Criteria for Determining Critically Important Enterprises:**
* The list of enterprises that can be recognized as critically important has been expanded, including legal entities that protect objects of the fuel and energy complex, if their founder is business associations, in the authorized capital of which 100% of shares belong to the state.
**Most Important Provisions for Use:**
* **Expanding Opportunities for Reserving Employees of Fuel and Energy Complex Enterprises:** This is important to ensure the stable operation of energy infrastructure.
* **Restrictions on Reservation for Certain Categories of Enterprises:** This may affect the personnel policy of enterprises engaged in training specialists in unmanned systems, electronic warfare, and pre-medical care, as well as charitable organizations.
* **Clarification of Criteria for Determining Critically Important Enterprises:** This will help enterprises better understand whether they meet the requirements for obtaining the status of critically important.
I hope this helps you better understand the essence of the changes!
Some Issues of Attracting Funds from the Government of Japan
This Resolution of the Cabinet of Ministers of Ukraine defines the conditions for attracting funds from the Government of Japan in accordance with the Agreement between Ukraine and Japan, concluded on April 18, 2025. Financing is carried out through a loan agreement between the Minister of Finance of Ukraine and the Japan International Cooperation Agency (of the Japan International Cooperation Agency (JICA). The resolution stipulates that the repayment and servicing of the loan will be carried out not at the expense of the state budget, but from other sources, in particular, income from frozen assets of the Russian Federation, in accordance with the Credit Cooperation Mechanism for Ukraine.
The structure of the resolution consists of two points. The first point defines the conditions for carrying out a legal transaction regarding the attraction of funds, including the sources of loan repayment. The second point obliges the Ministry of Finance to submit proposals for amending the schedule of the State Budget of Ukraine, if necessary.
The most important provision of the resolution is the determination of the sources for repaying the loan raised from the Government of Japan, namely the use of income from frozen assets of the Russian Federation. This avoids an additional burden on the state budget of Ukraine.
On Amendments to the Instruction on the Procedure for Currency Supervision by Banks over Residents’ Compliance with the Deadline for Settlements on Export and Import of Goods
Good day! Here is a brief analysis of the provided resolution:
1. **Essence of the Law:** The resolution amends the Instruction on Currency Supervision by Banks over compliance with the deadline for settlements on export operations. The amendments concern the moment of completion of currency supervision by the bank in the case of export of goods, namely the list of cases when currency supervision can be completed has been expanded.
2. **Structure and Main Provisions:**
* The resolution amends only one subparagraph (subparagraph 2 of paragraph 9 of section III) of the Instruction on the procedure for currency supervision by banks.
* The changes concern the expansion of the list of cases when a bank can remove an export transaction from control. The possibility of removal from control in the event of receiving funds from a guarantor bank (resident) under a guarantee that was provided for the fulfillment of obligations to pay funds for an export transaction of goods, provided that the guarantor bank (resident) has previously received funds in foreign currency from a counter-guarantor bank (non-resident) against a claim under such a counter-guarantee has been added.
* The resolution comes into force on the day following the day of its official publication.
3. **Main Provisions for Use:**
* **Important for Exporters:** Expanding the list of cases when currency supervision can be completed gives exporters more flexibility in using guarantee instruments to ensure payment for exported goods.
* **Important for Banks:** Banks need to take these changes into account when carrying out currency supervision over clients’ export transactions, in particular, in cases of using residents’ guarantees with non-residents’ counter-guarantees.
On Approval of the Letter of Expectations of the Owner of the State Enterprise Editorial Office of the “Uryadovy Kurier” Newspaper for 2026
### **On Approval of the Expectations Letter of the Owner (State) Regarding the Activities of the State Enterprise “Editorial Office of the Newspaper “Uryadovy Kurier” for 2026**
This order of the Cabinet of Ministers of Ukraine approves the expectations letter of the owner (state) regarding the activities of the state enterprise “Editorial Office of the Newspaper “Uryadovy Kurier” for 2026. In fact, this is a document that defines the key indicators and goals that the state expects from the enterprise in the coming year.
The structure of the order is simple: it consists of one item that approves the appendix – the expectations letter itself. The content of the expectations letter is not provided in the text of the order, but it likely contains financial indicators, goals for newspaper distribution, editorial policy, and other important aspects of the enterprise’s activities.
The most important thing for using this order is understanding the content of the expectations letter, as it defines the priorities and tasks for “Uryadovy Kurier” for 2026. Without reviewing the expectations letter, it is impossible to assess the effectiveness of the enterprise and the compliance of its activities with state interests.
### **Certain Issues of Directing Funds from the Special Fund of the State Budget in 2025**
Good day! Cabinet of Ministers of Ukraine Order No. 509-r of May 27, 2025, concerns the redistribution of funds from the special fund of the state budget, namely the balances from contributions of business entities in the energy and utilities sectors. These funds are directed to finance measures in the field of defense.
**Structure and Main Provisions:**
1. **Redistribution of Funds:** The order defines the redirection of UAH 195 million from the special fund of the state budget, formed from contributions of business entities in the energy and utilities sectors, to defense needs.
2. **Allocation of Funds:** Of this amount, UAH 95 million is allocated to the Main Intelligence Directorate of the Ministry of Defense for intelligence activities, and UAH 100 million to the Ministry of Internal Affairs (National Guard) to ensure the fulfillment of tasks and personnel training.
3. **Procedure for Amending the Budget Schedule:** The Main Intelligence Directorate and the Ministry of Internal Affairs must submit proposals to the Ministry of Finance regarding amendments to the state budget schedule. The Ministry of Finance, in turn, must ensure that these changes are made in accordance with the established procedure.
**Key Provisions for Use:**
* The order clearly defines the amounts and directions of use of the reallocated funds.
* It establishes a procedure for amending the state budget schedule, which requires coordination between the Main Intelligence Directorate, the Ministry of Internal Affairs, and the Ministry of Finance.
* This act concerns issues of the state budget and defense, which makes it important for controlling the use of state funds in these areas.
### **On Approval of the Financial Plan of the State Enterprise “Guaranteed Buyer”**
