The NBU has eased currency restrictions for the defense sector and the military

Effective April 25, 2026, the National Bank of Ukraine is introducing a series of relaxations in foreign exchange regulations to support national defense capabilities and attract foreign specialists. The new rules will allow defense enterprises to purchase foreign currency without regard to account balances, provided that these funds were received from foreign governments or the state budget for the needs of the Armed Forces. 

The National Bank of Ukraine has announced measures to ensure the uninterrupted operation of the military-industrial complex amid Russian aggression.

According to the resolution, non-resident military personnel will be able to transfer their monetary allowances received after May 1 abroad without restrictions starting May 1. The procedure for identifying soldiers has also been simplified: new-style military registration documents can now be used to open accounts. Certain relaxations apply to payments to foreign members of supervisory boards of Ukrainian companies and to banks, which should help attract highly qualified experts.

Additionally, the NBU has authorized the “Agency for National Unity” to conduct cross-border transfers of budget funds to support Ukrainians abroad. For insurers, the requirement to submit monthly solvency calculations for transactions with non-residents has been abolished. The regulator emphasizes that banks will supervise new transactions using a risk-based approach. All changes are aimed at adapting the financial system to the challenges of wartime and developing the state’s defense capabilities.

As a reminder, the NBU may revoke MTB Bank’s license.

Additionally, on November 4, the Board of the National Bank of Ukraine (NBU) decided to classify JSC “RVS Bank” as insolvent.