NBU has blocked the outflow of capital from Ukraine to Russia
National Bank has strengthened measures to prevent the outflow of capital from Ukraine to the Russian Federation. The new rules came into effect today, February 23.
In particular, the regulator “has strengthened measures to prevent the outflow of capital in the Russian Federation as the aggressor state. Now the national Bank will have the right to refuse to issue individual licenses for carrying out separate currency transactions, if we identify in the documents submitted information that the member or person to or in whose interests is this operation, is the person having its seat in a country which is recognized by the Verkhovna Rada of Ukraine by the aggressor state/state-occupier”.
The Verkhovna Rada of Ukraine recognized Russia as an aggressor state in April 2015.
Meanwhile, experts of the banking market note that the share of Russian capital in the sector is growing, and entrepreneurs from Russia purchase the assets of European banks in Ukraine. And one of the MPs says that the NBU has helped Russian banks to occupy 42% of the market of Ukraine.