Resolution of the NBU Amends Rules for Banking System during Martial Law, Specifically Regarding Currency Transactions for Defense Procurement<\/p>\n
The main purpose is to regulate the mechanism of foreign currency purchase and settlements for contracts on procurement of defense-purpose goods from non-residents. <\/p>\n
Structurally, the document amends the NBU Resolution No. 18 dated 24.02.2022, adding a new paragraph 6-2 and modifying existing paragraphs 12, 12-15, and 14. The key innovation is the introduction of a special mechanism for using escrow accounts for defense procurement.<\/p>\n
Key innovations:<\/p>\n
\u2022 The state customer service in the defense sphere receives the right to purchase foreign currency and transfer it to an escrow account for settlements with non-residents<\/p>\n
\u2022 General restrictions on the terms of using purchased currency do not apply to such operations<\/p>\n
\u2022 The list of permitted currency transactions for payment of judicial and arbitration fees by state-owned enterprises and companies with state participation has been expanded<\/p>\n
\u2022 A procedure for returning unused currency from the escrow account through distribution accounts has been established<\/p>\n