Legislation Digest for the Previous Period
On Accounting Prices for Bank Metals from the NBU
The National Bank of Ukraine has published accounting prices for bank metals such as gold, silver, platinum, and palladium as of July 4, 2025. These prices are used for accounting and reporting by financial institutions, determining the value of collateral, and analyzing the metals market, but the NBU is not obliged to buy or sell metals at these prices.
On the Official Exchange Rate of the Hryvnia Against Foreign Currencies from the NBU
The National Bank of Ukraine has set the official exchange rate of the hryvnia against foreign currencies and SDRs for July 4, 2025. These rates are used for accounting and NBU transactions with the State Treasury Service of Ukraine. The NBU does not undertake to buy or sell currencies at these rates.
On the Dismissal of Kravchuk M.M.
The Cabinet of Ministers of Ukraine dismissed Mykola Mykolayovych Kravchuk from the post of First Deputy Head of the State Service of Maritime and Inland Water Transport and Navigation of Ukraine based on an agreement of the parties.
On the Assignment of Duties to Feshchenko V.P.
The Cabinet of Ministers of Ukraine temporarily assigned the duties of the Head of the State Agency of Ukraine for the Management of the Exclusion Zone to the First Deputy Head, Volodymyr Petrovych Feshchenko, until the appointment of a new Head in the prescribed manner.
On the Dismissal of Ishchenko H.H.
The Cabinet of Ministers of Ukraine dismissed Hryhoriy Hryhorovych Ishchenko from the post of Head of the State Agency of Ukraine for the Management of the Exclusion Zone based on his own request.
On the Distribution of Subvention for the Support of War Veterans
The Cabinet of Ministers of Ukraine has distributed a subvention from the state budget to local budgets to support war veterans, demobilized persons, and those who defended the independence of Ukraine. The funds are intended for the activities of support specialists and the payment of monetary compensation for housing rental, distributed among several regional budgets and the budget of the city of Kyiv.
On Proposals Regarding the Application of Sanctions (Regarding Undermining the Sovereignty of Ukraine)
The Cabinet of Ministers of Ukraine submitted proposals to the National Security and Defense Council of Ukraine (NSDCU) regarding the application of sanctions against individuals and legal entities that undermine or threaten the territorial integrity, sovereignty, and independence of Ukraine. This decision was made in response to the regulations and decisions of the Council of the European Union regarding restrictive measures, and the implementation is assigned to a number of ministries and departments.
On Proposals Regarding the Application of Sanctions (According to EU Decisions)
The Cabinet of Ministers of Ukraine submitted proposals to the National Security and Defense Council of Ukraine (NSDCU) regarding the application of sanctions to individuals and legal entities based on decisions of the Council of the European Union. These proposals concern personal special economic and other restrictive measures (sanctions). Responsibility for the implementation of the NSDCU decision and monitoring the effectiveness of sanctions is assigned to the relevant ministries and departments.
On Proposals Regarding the Application of Sanctions (Regarding Iran)
The Cabinet of Ministers of Ukraine initiated the process of considering proposals by the National Security and Defense Council (NSDC) regarding the application of sanctions against individuals and legal entities associated with the Islamic Republic of Iran. Ministries and departments ensure the implementation of sanctions and monitor their effectiveness. The Ministry of Foreign Affairs will inform international bodies about the application of sanctions by Ukraine.
Review of each of legal acts published today:
### **On the accounting price of banking metals**
This document is a notification from the National Bank of Ukraine (NBU) regarding the accounting prices for banking metals, namely gold, silver, platinum, and palladium, as of July 4, 2025.
**Structure and main provisions:**
The notification contains a table with the following data:
* Digital and alphabetic code for each metal.
* Number of troy ounces (1).
* Name of the banking metal.
* Accounting price in hryvnias per one troy ounce.
It is important to note that the NBU is not obliged to buy or sell these metals at the specified accounting prices.
**Main provisions for use:**
The accounting prices established by the NBU may be used for:
* Accounting and reporting of financial institutions.
* Determining the value of collateral or other assets denominated in banking metals.
* Analysis of the banking metals market.
### **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 SDRs (Special Drawing Rights) for a specific date – July 4, 2025.
The document structure is simple: it is a table that contains a list of foreign currencies and SDRs, their digital and alphabetic codes, the number of currency/SDR units, and the official exchange rate of the hryvnia against them. It is important that these rates are used for reflection in accounting, NBU operations with the State Treasury Service of Ukraine (DKSU), and in other cases stipulated by law.
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The most important provision is that the NBU does not undertake any obligation to buy or sell these currencies at these rates. This means that the rate is used for accounting purposes but is not binding for foreign exchange transactions on the market.
On the Dismissal of Kravchuk M.M. from the Position of First Deputy Head of the State Service for Maritime and Inland Water Transport and Shipping of Ukraine
This is an order of the Cabinet of Ministers of Ukraine regarding personnel matters. It provides for the dismissal of Mykola Mykolayovych Kravchuk from the position of First Deputy Head of the State Service for Maritime and Inland Water Transport and Shipping of Ukraine. The basis for the dismissal is the agreement of the parties, according to paragraph 3 of part one of Article 83 of the Law of Ukraine “On Civil Service”.
The structure of the order consists of the title, the preamble containing the decision on dismissal, a reference to the legislative basis, and the signature of the Prime Minister of Ukraine.
The most important provision of this order is the direct fact of dismissing a specific person from a specific position based on the agreement of the parties, which provides for the termination of employment relations by mutual consent.
On the Temporary Assignment of the Duties of the Head of the State Agency of Ukraine for Exclusion Zone Management to V.P. Feshchenko
This is an order of the Cabinet of Ministers of Ukraine regarding the temporary assignment of the duties of the Head of the State Agency of Ukraine for Exclusion Zone Management to the First Deputy Head of the same agency, F
