Ukrainian central bank crackdown on capital flows to Russia

gontareva-ukraine
NBU governor Valeria Gontareva

Ukraine's central bank has adopted new measures to prevent capital outflows to Russia, it announced on February 22, as its governor warned that the country's civil conflict could do increased damage to the economy.

The National Bank of Ukraine (NBU) said it would now be authorised to refuse licences for some foreign exchange (forex) operations if it believed that they were owned by or benefited someone "domiciled in the country designated as an aggressor or occupant by the Ukrainian Parliament"

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: