Analysis of Ukrainian Legislation
NBU Announcement on Accounting Prices for Bank Metals (October 31, 2025)
The National Bank of Ukraine has set accounting prices for gold, silver, platinum, and palladium. These prices are used exclusively for accounting purposes and are not binding for the purchase or sale of these metals by the NBU. The announcement specifies the codes, number of troy ounces, and prices in hryvnias per ounce for each metal. It is important to remember that the NBU is not obliged to buy or sell metals at these prices.
NBU Announcement on the Official Exchange Rate of the Hryvnia (October 31, 2025)
The National Bank of Ukraine has set the official exchange rate of the hryvnia against foreign currencies and special drawing rights (SDRs). These rates are used for reflection in accounting, NBU operations with the State Treasury Service of Ukraine (DKSU), and in other cases defined by law. The NBU is not obliged to buy or sell these currencies at the indicated rates. Exchange rates are presented in a table with currency codes and their value in hryvnias.
Decree of the President of Ukraine on the Council on Youth Affairs
The President of Ukraine has amended the Decree on the Council on Youth Affairs. The personal composition of the Council has been updated and its functions expanded. The Council will now support youth initiatives, monitor youth policy, promote Ukrainian identity and patriotism, and create communication platforms between young people and the President of Ukraine. The position of “youth ambassadors” has been introduced, who will perform advisory and educational functions.
Resolution of the CMU No. 1385 of October 29, 2025, on Attracting an Advisor for the Sale of Bank Share Packages
The Cabinet of Ministers of Ukraine has approved the Procedure for Attracting an Advisor for the Sale of Bank Share Packages, where the state is a shareholder. Advisors are required to have international experience in the sale of financial institutions. The selection process must be conctransparent and independent. The agreement with the advisor is concluded between the advisor, the Ministry of Finance, and the bank, and provides for the possibility of paying additional remuneration in the event of a successful sale of shares at a favorable price.
Resolution of the Cabinet of Ministers No. 1369 of October 29, 2025, on the Privatization of State Enterprises
The Cabinet of Ministers of Ukraine has determined the procedure for transforming state enterprises into joint-stock companies (JSCs) or limited liability companies (LLCs) within the framework of privatization. Procedures have been established, including property valuation, the formation of authorized capital, and the registration of newly established business entities. The specifics of managing property located in areas where hostilities are taking place or that are temporarily occupied are also defined. Each stage of the transformation is described in detail, from the decision to transform to state registration and the issuance of shares.
Law of Ukraine on the Approval of the Decree of the President of Ukraine on the Extension of the Term of General Mobilization
The Verkhovna Rada of Ukraine approved the Decree of the President of Ukraine on the extension of the term of general mobilization. This means that mobilization measures in Ukraine continue. The law confirms the state’s right to continue conscripting citizens for military service in connection with mobilization.
Law of Ukraine on the Approval of the Decree of the President of Ukraine on the Extension of the Term of Martial Law
The Verkhovna Rada of Ukraine approved the Decree of the President of Ukraine on the extension of the term of martial law in Ukraine. Restrictions on the rights and freedoms of citizens, provided for by the Law of Ukraine “On the Legal Regime of Martial Law,” continue to apply on the territory of Ukraine. The law confirms the President’s decision to extend martial law.
Decree of the President of Ukraine on the Extension of the Term of General Mobilization
The President of Ukraine has extended the term of general mobilization in Ukraine for 90 days, starting from November 5, 2025. The decision was made in connection with the ongoing armed aggression of the Russian Federation and the need to ensure the state’s defense capability.
Review of each of legal acts published today:
### **On the Accounting Price of Banking Metals**
This is a notification from the National Bank of Ukraine (NBU) regarding the accounting prices for banking metals as of October 31, 2025. It establishes prices for gold, silver, platinum, and palladium, expressed in hryvnias per troy ounce. These prices are used for accounting purposes and do not obligate the NBU to buy or sell these metals at the stated prices.
The structure of the notification is simple: it contains a table with codes (numeric and alphabetic), the number of troy ounces, the name of the banking metal, and its accounting price.
The most important provision is that these accounting prices are not binding for the purchase or sale of banking metals by the National Bank of Ukraine. They are used exclusively for accounting and reporting.
### **On the Official Exchange Rate of the Hryvnia Against Foreign Currencies**
This document is an official notification from the National Bank of Ukraine (NBU) regarding the establishment of the official exchange rate of the hryvnia against foreign currencies and special drawing rights (SDRs) for a specific date – October 31, 2025.
The structure of the document is simple: it is a list of foreign currencies and SDRs, indicating their numeric and alphabetic codes, the number of units of currency/SDRs, and the official exchange rate of the hryvnia to them. The document does not have a complex structure or sections but is simply a table with information on exchange rates.
The most important provision is that the specified rates are used for reflection in accounting, for NBU operations with the State Treasury Service of Ukraine (DKSU), and in other cases defined by the legislation of Ukraine. It is important that the NBU does not undertake any obligation to buy or sell these currencies at the stated rates.
### **On Amending the Decree of the President of Ukraine of January 17, 2022 No. 14/2022 “Issues of the Youth Council”**
This Decree of the President of Ukraine amends Decree No. 14/2022 regarding the Youth Council. The changes concern the updating of the personal composition of the Council and the expansion of its functions.
Structurally, the Decree amends the previous Decree of the President, in particular, it updates the personal composition of the Youth Council and amends the Regulations on the Council, expanding its tasks.
The main provisions to pay attention to:
1. Updated personal composition of the Youth Council.
2. The functions of the Council have been expanded to include support for youth initiatives, monitoring of youth policy, promotion of Ukrainian identity and patriotism, and the creation of communication platforms between youth and the President of Ukraine.
3. The position of “youth ambassadors” has been introduced as part of the Council, who perform advisory, communication, and educational functions.
### **On Approval of the Procedure for Engaging Advisors**
### **Regarding the sale of bank shares**
Good day! Here is a brief overview of the Procedure for Engaging an Advisor for the Sale of Bank Shares, approved by the Resolution of the Cabinet of Ministers of Ukraine dated October 29, 2025, No. 1385.
1. **Essence of the law:** This Procedure defines exactly how the state will engage advisors for the sale of shares in systemically important banks where the state is a shareholder. It establishes transparent rules for the selection of these advisors to ensure the effective and profitable sale of shares for the state.
2. **Structure of the law:** The Procedure consists of several sections that define:
* General provisions and terms used.
* Requirements for advisors and criteria for their selection, including experience, competence, and proposed action plan.
* The procedure for creating and the powers of the tender committee responsible for selecting advisors.
* Stages of the tender, requirements for tender documentation, and the procedure for evaluating participants.
* The procedure for concluding a contract with an advisor, payment for their services, and resolving disputes.
* Conditions under which the tender may be declared invalid.
* Forms of documents submitted for participation in the tender.
3. **Main provisions:** The most important provisions of this Procedure are:
* Advisors must have international experience in the sale of financial institutions and a high level of competence.
* The selection process for advisors must be competitive, equitable, accessible, transparent, and independent.
* The tender committee evaluates participants based on clear criteria, including their experience, competence, and comprehensive action plan.
* The contract with the advisor is concluded between the advisor, the Ministry of Finance, and the bank, and it clearly defines the obligations of the parties and the procedure for payment of services.
* The Procedure provides for the possibility of paying the advisor additional remuneration in the event of a successful sale of shares at a favorable price.
### **On Approval of the Procedure for the Establishment of Joint-Stock Companies and Limited Liability Companies in the Process of Privatization of Integrated Property Complexes of State Enterprises**
Good day! Here is a brief overview of the Resolution of the Cabinet of Ministers of Ukraine No. 1369 dated October 29, 2025, which regulates the creation of joint-stock companies (JSCs) and limited liability companies (LLCs) in the process of privatization of state enterprises.
1. **Essence of the Law:**
The Resolution defines the procedure for transforming state enterprises into joint-stock companies or limited liability companies within the framework of privatization. It establishes procedures, including property valuation, the formation of authorized capital, and the registration of newly created business entities. Also, the specifics of managing property located in areas where hostilities are taking place or temporarily occupied are determined.
2. **Structure and Main Provisions:**
The Resolution consists of several sections
that cover:
* General provisions on the establishment of JSC and LLC during the privatization process.
* The procedure for transforming state-owned enterprises, including the establishment of a transformation commission, property valuation, and approval of the charter.
* The procedure for state registration of newly established companies and registration of share issuance (for JSC).
* Specifics of managing property located in areas where hostilities are taking place or temporarily occupied.
* Invalidation of previous regulations governing this issue.
3. **Key provisions for use:**
* **Transformation procedure:** Each stage of the transformation is described in detail, from the decision to transform to state registration and share issuance.
* **Property valuation:** The procedure for valuing the property of a state-owned enterprise to form the authorized capital of a business entity is defined.
* **Management of property in occupied territories:** A special procedure is established for the accounting and transfer of property located in areas where hostilities are taking place or temporarily occupied, pending its inventory and valuation.
* **Activities of the transformation commission:** The composition, powers, and procedures of the commission responsible for organizing the transformation process are regulated.
I hope this overview is helpful!
On the Approval of the Decree of the President of Ukraine “On the Extension of the Term of General Mobilization”
****
1. This law approves the Decree of the President of Ukraine on the extension of the term of general mobilization. In fact, it legitimizes the President’s decision to extend mobilization measures in the country. The law confirms that mobilization will continue.
2. The law consists of two articles. The first article approves the Presidential Decree, and the second defines the procedure for the law to enter into force and its publication. The text does not specify any changes compared to previous versions, as it only concerns the approval of the decree on the extension of mobilization.
3. The most important provision of this law is the approval of the Presidential Decree on the extension of the term of general mobilization. This means that the state has the right to continue conscripting citizens for military service in connection with mobilization. The date the law enters into force – November 5, 2025 – is also important for understanding the timeframe of the mobilization.
On the Approval of the Decree of the President of Ukraine “On the Extension of the Period of Martial Law in Ukraine”
Good day! Here is an analysis of the provided Law of Ukraine:
1. **Essence of the law:** The law approves the Decree of the President of Ukraine on the extension of the period of martial law in Ukraine. In fact, with this law, the parliament supported the President’s decision to extend martial law.
2. **Structure and main provisions:** The law consists of two articles. The first article approves the Presidential Decree, and the secondthat determines the procedure for the law to enter into force – immediate announcement through the media and entry into force from the date of publication. The law does not contain any changes compared to previous versions, as it only approves the Presidential Decree.
3. **Key provisions for use:** The most important is the fact of approval of the Presidential Decree on the extension of martial law. This means that the restrictions on the rights and freedoms of citizens provided for by the Law of Ukraine “On the Legal Regime of Martial Law” continue to apply in the territory of Ukraine.
On the extension of the general mobilization period
Good day! Here is an analysis of the provided Decree of the President of Ukraine:
1. **Essence of the law:** The Decree of the President of Ukraine extends the period of general mobilization in Ukraine for 90 days, starting from November 5, 2025. This decision was made in connection with the ongoing armed aggression of the Russian Federation and the need to ensure the state’s defense capability.
2. **Structure and main provisions:**
* The decree consists of two articles.
* Article 1 extends the period of general mobilization, amending the previous Decree of February 24, 2022.
* Article 2 determines the date of entry into force of this Decree – simultaneously with the entry into force of the Law of Ukraine on the approval of this Decree.
* The decree is another extension of the mobilization, which was put into effect on February 24, 2022.
3. **Key provisions for use:**
* **Extension period:** It is important to take into account that the mobilization has been extended for 90 days, starting from November 5, 2025.
* **Relationship with the law:** The decree enters into force only after its approval by the relevant Law of Ukraine.
* **Grounds for mobilization:** The basis for the extension of mobilization is the ongoing armed aggression of the Russian Federation.
I hope this helps you in your work!
On the extension of martial law in Ukraine
Good day!
**Essence of the law:**
This Decree of the President of Ukraine extends the period of martial law in Ukraine for 90 days, starting from 5 hours 30 minutes on November 5, 2025. The decision was made in connection with the ongoing armed aggression of the Russian Federation against Ukraine. The Ministry of Foreign Affairs of Ukraine must inform international organizations and foreign states about the extension of martial law, restrictions on the rights and freedoms of citizens, as well as the reasons for such a decision.
**Structure of the law:**
The decree consists of three articles. The first article amends the previous Decree of the President of Ukraine on the introduction of martial law, extending its effect. The second article assigns the Ministry of Foreign Affairs of Ukraine the obligation to inform the international community. The third article defines the moment of entry into force of this Decree, namely simultaneously with the entry into force of the Law of Ukraine on the approval of this Decree.
**Key provisions:**
On
