Ukrainian central bank crackdown on capital flows to Russia

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"

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