Digest of Ukrainian Legislation
On Accounting Prices for Bank Metals (NBU)
The National Bank of Ukraine (NBU) sets accounting prices for bank metals such as gold, silver, platinum, and palladium. These prices are indicative and used for accounting and regulatory purposes, not for actual trading operations. It is important to understand that the NBU is not obliged to buy or sell these metals at the specified prices.
On the Official Exchange Rate of Hryvnia to Foreign Currencies (NBU)
The National Bank of Ukraine (NBU) sets the official exchange rate of the hryvnia against foreign currencies and SDRs (Special Drawing Rights) on a specific date. These rates are used for accounting purposes and for NBU’s transactions with the State Treasury Service of Ukraine (DKSU). The NBU does not undertake any obligation to buy or sell these currencies at these rates, so the official rate is only a guideline.
On the Redistribution of Budget Funds in the Field of Higher Education (Resolution of the CMU No. 988)
The Cabinet of Ministers of Ukraine redistributes budget funds in the field of higher education for 2025. Funds from the educational subvention to local budgets are redirected to finance training in higher education institutions, especially in the Mykolaiv region, to adjust the funding volumes for payment of services under the state order. The Ministry of Finance amends the state budget schedule, and the Ministry of Education and Science ensures the distribution of funds among higher education institutions in the Mykolaiv region.
On the Competition for Concluding an Agreement on the Distribution of Hydrocarbons of the Svichanska Area (Resolution of the CMU)
The Cabinet of Ministers of Ukraine initiates a competition for concluding an agreement on the distribution of hydrocarbons of the
distribution of hydrocarbons to be extracted within the Svichanska area, located in the Lviv, Ivano-Frankivsk, and Chernivtsi regions. Participants in the competition must meet financial, economic, and technical requirements. Competitive proposals are evaluated based on a set of criteria, including the work program, investment volume, and production sharing. The production sharing agreement is concluded for a term of up to 50 years, and the investor is obliged to comply with the requirements of the legislation of Ukraine and give preference to goods, works, and services of Ukrainian origin.
On the Use of Funds from the State Fund for Regional Development (Resolution of the Cabinet of Ministers of Ukraine)
The Cabinet of Ministers of Ukraine determines how to use the funds of the State Fund for Regional Development in 2025. The funds are directed to public investment projects that promote the restoration and development of regions, in accordance with the State Strategy for Regional Development. The conditions for granting funds include, in particular, compliance with development strategies, state or communal ownership of the object, the ability to maintain the object after the completion of the project, the project implementation period of up to 18 months, and co-financing from local budgets (at least 10%).
On the Allocation of Funds for the “Compensation for Destroyed Housing” Program (Resolution of the Cabinet of Ministers of Ukraine)
The Cabinet of Ministers of Ukraine allocates more than 1.5 billion hryvnias from the fund for ликвидации наслідків збройної агресії [elimination of the consequences of armed aggression] to the “Compensation for Destroyed Housing” program. These funds are intended to provide compensation to citizens whose housing was destroyed as a result of armed aggression, by financing the construction of new housing or the purchase of existing housing. The allocated funds must be used in accordance with the Procedure for Granting Compensation for Destroyed Real Estate Objects, approved by постанову КМУ [Resolution of the Cabinet of Ministers of Ukraine] No. 600.
Review of each of legal acts published today:
### **On the Accounting Price of Bank Metals**
This document, issued by the National Bank of Ukraine, establishes the accounting prices for bank metals as of August 19, 2025. It specifies the prices for gold, silver, platinum, and palladium in hryvnias per troy ounce.
The structure of the document is simple: it is a table that includes the metal’s numeric code, letter code, number of troy ounces, name of the metal, and its accounting price in hryvnias. It is important to note that the NBU is not obligated to buy or sell these metals at the specified prices.
The most important thing to understand when using this document is that the accounting prices are indicative and may differ from market prices. These prices are used for accounting and regulatory purposes, not for actual trading operations.
### **On the Official Exchange Rate of the Hryvnia Against Foreign Currencies**
This document is an official notification from the National Bank of Ukraine (NBU) on the establishment of the official exchange rate of the hryvnia against foreign currencies and SDRs (Special Drawing Rights) for a specific date – August 19, 2025.
The structure of the notification includes a list of foreign currencies and SDRs, their numeric and letter codes, the number of units of currency/SDRs, and the official exchange rate of the hryvnia to each of them. It is important to note that these rates are used for reflection in accounting, for NBU transactions with the State Treasury Service of Ukraine (DKSU), and in other cases defined by the legislation of Ukraine.
The most important provision is that the NBU does not undertake any obligation to buy or sell the specified currencies at these rates. This means that the official exchange rate of the hryvnia, established by the NBU, is a guideline but does not guarantee the possibility of carrying out currency transactions at this rate.
### **Certain Issues of Financing Institutions of Higher Education in 2025**
This Resolution of the Cabinet of Ministers of Ukraine No. 988 dated August 15, 2025, concerns the redistribution of budget funds in the field of higher education for 2025. The government decided to redirect funds from the educational subvention to local budgets to finance training in institutions of higher education, particularly those located in the Mykolaiv region. This is done to adjust the amount of funding for the payment of services for the training of specialists under state order.
Structurally, the resolution consists of three points. The first point provides for the redistribution of funds between budget programs, namely the reduction of development expenditures under the educational subvention program and the increase of consumption expenditures for the training of personnel in institutions of higher education. The second point assignsis the obligation of the Ministry of Finance to amend the state budget schedule. The third point obliges the Ministry of Education and Science to ensure the distribution of these funds among higher education institutions of the Mykolaiv region in proportion to the volumes of funding that were allocated to these institutions in 2025 based on the formula for the distribution of expenditures on higher education.
The most important provision of this resolution is the redistribution of funds in favor of higher education institutions of the Mykolaiv region, as it may affect the volume and quality of training of specialists in this region. ****
On Conducting a Competition for the Conclusion of an Agreement on the Distribution of Hydrocarbons to be Extracted within the Svichanska Area, and on Declaring Invalid Resolution of the Cabinet of Ministers of Ukraine No. 391 of April 8, 2025
Of course, here is a brief overview of this document:
1. **Essence of the Document:** This resolution of the Cabinet of Ministers of Ukraine initiates a competition for the conclusion of an agreement on the distribution of hydrocarbons to be extracted within the Svichanska area, located in the Lviv, Ivano-Frankivsk, and Chernivtsi regions. The document defines the terms of the competition, criteria for evaluating participants, and requirements for the production sharing agreement. Also, the resolution repeals the previous resolution regarding the conduct of a similar competition.
2. **Structure and Main Provisions:**
* The resolution consists of a main part and an annex containing the terms of the competition.
* The **main part** defines the legal grounds for holding the competition, approves the proposal of the Interdepartmental Commission, and obliges it to ensure the organization of the competition.
* The **annex** contains detailed terms of the competition, including:
* The procedure for conducting the competition and requirements for participants.
* Criteria for evaluating competitive proposals (work program, investment volume, production sharing, etc.).
* Characteristics of the Svichanska area (geographical location, geological structure, resource base).
* A program of mandatory works on the area and the volume of investment.
* Basic criteria for the distribution of production between the state and the investor.
* Essential requirements of the state regarding the terms and performance of work under the agreement.
3. **Main Provisions for Use:**
* Participants in the competition must meet financial, economic, and technical requirements.
* Competitive proposals are evaluated according to a set of criteria, including the work program, investment volume, and production sharing.
* The production sharing agreement is concluded for a term of up to 50 years and contains special conditions regarding the declaration of extraction characteristics, environmental protection, and responsibility.
of the parties.
* The investor is obliged to comply with the requirements of the legislation of Ukraine and give preference to goods, works and services of Ukrainian origin.
* It is important that the state has the right to withdraw from the agreement if the investor fails to fulfill its obligations.
I hope this helps you better understand this document!
Some Issues of the State Fund for Regional Development
Of course, here is a brief overview of this act:
1. **Essence of the Law:** This resolution of the Cabinet of Ministers of Ukraine determines how to use the funds of the State Fund for Regional Development in 2025. The funds are directed to public investment projects that promote the restoration and development of regions, in accordance with the State Strategy for Regional Development. An important condition is co-financing of projects from local budgets and their compliance with the priorities of regional development.
2. **Structure of the Law:** The resolution consists of two parts: approval of the Procedure for the use of funds and suspension of the previous resolution on this issue. The procedure contains 15 clauses that define the mechanism for using funds, the conditions for their provision, the procedure for selecting projects and reporting requirements. The document also contains two appendices: a calculation of the project priority using a scoring system and a form for reporting on the use of funds. Compared to the previous resolution, this document is adapted to the current conditions and regional development strategies.
3. **Main Provisions:** The most important provisions are the conditions for granting funds, which include compliance with development strategies, state or communal ownership of the object, the ability to maintain the object after the completion of the project, the project implementation period of up to 18 months, the availability of project documentation, the implementation of energy-efficient measures, co-financing from local budgets (at least 10%), and the location of the object on the territory of Ukraine, with the exception of territories where hostilities are taking place or temporarily occupied territories. Also important is the project selection process, which includes evaluation by the commission and approval by the Cabinet of Ministers of Ukraine.
On allocation of funds from the fund for liquidation of the consequences of armed aggression
1. **Essence of the law:** This resolution of the Cabinet of Ministers of Ukraine provides for the allocation of significant funds from the fund for liquidation of the consequences of armed aggression to the program “Compensation for destroyed housing”. These funds are intended to provide compensation to citizens whose housing was destroyed as a result of armed aggression by financing the construction of new housing or the acquisition of existing housing.
2. **Structure**
and Main Provisions:**
* The resolution consists of three points.
* **Point 1** defines the amount of funds allocated (over 1.5 billion hryvnias) and their distribution between the construction of new homestead-type houses and the financing of housing acquisition using housing certificates.
* **Point 2** stipulates that the allocated funds must be used in accordance with the Procedure for Granting Compensation for Destroyed Real Estate, approved by Resolution of the Cabinet of Ministers of Ukraine No. 600 of May 30, 2023.
* **Point 3** obliges the Ministry of Finance to make relevant changes to the state budget schedule.
3. **Most Important Provisions:**
* **Specific amounts of compensation:** The allocation of a significant amount of funds (1,593,568.118 thousand hryvnias) indicates the seriousness of the state’s intentions in providing housing for citizens who have lost it.
* **Targeted use of funds:** It is clearly defined that the funds must be used exclusively for compensation for destroyed housing, which reduces the risk of their misuse.
* **Procedure for granting compensation:** The resolution refers to the existing procedure for granting compensation, which ensures transparency and clarity of the process for citizens.
* **Source of funding:** Funds are allocated from the fund for the liquidation of the consequences of armed aggression from a source defined by paragraph 10 of Article 11 of the Law of Ukraine “On the State Budget of Ukraine for 2025”.
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On Amendments to the Notes to the List of Construction Works That Do Not Require Documents Entitling to Their Execution, and After Completion of Which the Object Is Not Subject to Acceptance for Operation
Good day! Here is an analysis of the provided act:
1. **Essence of the Law:** The resolution amends the list of construction works that do not require permits and commissioning of the object. The changes concern works on cultural heritage sites, in particular, regarding ensuring unhindered access for persons with disabilities.
2. **Structure and Main Provisions:**
* The resolution amends the notes to the list of construction works approved by Resolution of the Cabinet of Ministers of Ukraine No. 406 of June 7, 2017.
* **Change 1:** Paragraph 1 is supplemented with an exception regarding paragraph 11 of the list (which is not provided in the text).
* **Change 2:** Paragraph 3-1 is added, which regulates the arrangement of means of unhindered access for persons with disabilities to cultural heritage sites. Such works, which do not affect load-bearing structures and engineering systems, must be performed in accordance with the approved scientific and design documentation (working project), developed in accordance with DBN A.2.2-14-2016.
3. **Main Provisions**
