The NBU has extended settlement deadlines for export and import transactions from 90 to 120 calendar days. The respective decision is intended to increase the exports and imports of goods by Ukrainian businesses amid supply chain disruptions caused by the war. 

“We are maintaining a constant dialogue with businesses and state authorities and analyzing requests submitted to the NBU.  The NBU is ready to continue cooperation in finding balanced solutions that will create a basis for Ukraine’s economic development and, at the same time, allow us to maintain financial stability,” said NBU Deputy Governor Iuriy Heletiy. 

New requirements will apply to the residents’ export and import transactions executed after 5 April 2022. Settlements under transactions that were executed before the respective date shall be made within 365 days. 

The relevant amendments were approved by NBU Board Resolution No. 113 On Amendments to NBU Board Resolution No. 18 dated 24 February 2022 dated 7 June 2022, which is effective 8 June 2022. 

For reference

On 4 April 2022, the NBU temporarily reduced the settlement deadlines for export and import transactions that were executed after 5 April 2022 from 365 to 90 calendar days to prevent capital outflows from Ukraine.

Reference source: National Bank of Ukraine