MainNews -

Cabinet of Ministers cancels restrictions on payments for imports of goods, services

This will open up new opportunities for Ukrainian entrepreneurs.

Cabinet of Ministers cancels restrictions on payments for imports of goods, services
Prime Minister of Ukraine Denys Shmyhal
Photo: Cabinet of Ministers

The government has cancelled a resolution that restricted payments for imports of goods and services. 

Prime Minister Denys Shmyhal wrote about this in a telegram following a government meeting

"We have two global objectives in our economic policy. The first is business support programmes and stimulating economic activity. The second is to create a business climate where entrepreneurs can realise all their potential and ambitions. Today, the Government is making a very important decision in this direction," he said.

According to Shmyhal, such liberalisation will open up new opportunities for Ukrainian entrepreneurs to enter new markets, strengthen Ukrainian exports, create new projects and new jobs in Ukraine.

He added that the government's decision is part of a broader deregulation policy and that more than a thousand permits, licences and certificates regulating the interaction between the state and business have already been reviewed.

"Some of them will be completely cancelled, some will be simplified, and some will be digitised," the Prime Minister said. 

Government Resolution #153, which restricted payments, was adopted on the first day of the full-scale war.

The NBU recently explained that the cancellation of this resolution is part of the largest currency liberalisation since Russia's full-scale invasion. "The NBU ensures that businesses can buy and transfer foreign currency abroad to import works and services. Due to these changes, the Resolution of the Cabinet of Ministers of Ukraine No. 153 dated 24 February 2022 "On Certain Issues of Ensuring Imports" is no longer relevant. In view of this, the NBU will address the Government of Ukraine with a proposal to cancel it," the NBU said.

Read news on social networks Facebook, Twitter and Telegram