The National Bank of Ukraine has canceled the settlement deadlines for military and dual-use goods and equipment imported by executors of state defense procurement contracts. These changes also apply to the import of relevant goods and equipment for the purpose of creating and/or expanding production facilities for the manufacture of defense goods within the scope of such contracts with government customers. It is provided that the executors of state contracts must be included in the electronic register of participants in the selection and executors of state fixed contracts (agreements).

The National Bank expects that the relevant changes will create conditions for strengthening the stability of the national security and defense sector of Ukraine.

Taking into account consultations with representatives of agricultural sector enterprises and relevant ministries, the National Bank of Ukraine is increasing from 90 to 120 days the maximum settlement terms for operations on the export of certain types of agricultural products, made from July 12, 2024. These are goods classified under the following codes in accordance with the Ukrainian Economic Code: 1001 (wheat), 1002 (rye), 1003 (barley), 1004 (oats), 1005 (corn), 1201 (soybean), 1205 (rape), 1206 00 (sunflower), 1507 (soybean oil), 1512 (sunflower oil), 1514 (rapeseed oil) and 2306 (sunflower cake).

Increasing the settlement deadlines will make it possible to support domestic exporters of agricultural products, taking into account the existing logistical challenges. In addition, it will expand their opportunities to develop new sales markets, in particular in Asia and Africa, which Ukraine needs in wartime conditions.

At the same time, the settlement terms for operations on the export of certain types of agricultural products will remain 60 days shorter than for all other domestically exported goods (180 days). This will continue to contribute to the improvement of the discipline of timely return of foreign exchange earnings to Ukraine in the agricultural sector.

The mentioned changes were adopted by the resolution of the Board of the National Bank of Ukraine dated July 9, 2024 № 84 "On Amendments to the Resolution of the Board of the National Bank of Ukraine dated May 14, 2019  № 67", which will enter into force on July 11, 2024.

More details:  http://surl.li/iwbkjl