RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of February 24, 2022 No. 18

About work of bank system during introduction of warlike situation

According to article 7 of the Law of Ukraine "About the National Bank of Ukraine" for the purpose of ensuring reliability and stability of functioning of bank system the Board of the National Bank of Ukraine DECIDES:

1. The board of the National Bank of Ukraine ensures functioning according to the Law of Ukraine "About National Bank", to the Regulations of Board of the National Bank of Ukraine in the conditions of the special period approved by board decision of the National Bank of Ukraine of August 21, 2019 No. 606-rsh, to normative and legal and administrative acts of the National Bank of Ukraine.

2. Banks continue work taking into account the restrictions determined by this resolution. Banks are forbidden to perform the operations breaking the restrictions determined by this resolution promoting or able to promote their avoidance.

2-1. Banks are considered as the authorized banks involved (making of transactions) in the conditions of the special period.

3. Forbid issue in Ukraine of cash in hryvnias from customer account in national currency in the amount exceeding 100000 hryvnias a day (without the commission of bank), except cash withdrawal of money in hryvnias:

1) for the purpose of salary payment and social payments;

2) from accounts of the companies and organizations providing accomplishment of mobilization plans (tasks), the Governments of Ukraine;

3) No. 12 is excluded according to the Resolution of Board of the National Bank of Ukraine of 01.03.2023

4) from accounts of the state bodies authorized according to the legislation to perform operational search, counterintelligence, intelligence activities or pre-judicial investigation;

5) from accounts of diplomatic representations, consular establishments of foreign states in Ukraine;

6) from accounts which manager is the customs authority, for the purposes of return of the money accepted by customs authority on storage or withdrawn to their owner;

7) from accounts of public institutions and/or public associations of sports orientation which provide accomplishment of the Single schedule of sports and improving, sporting events and sports competitions of Ukraine for the corresponding year, on implementation of expenses or compensation payments on business trips of the national teams of teams of Ukraine for participation in official international competitions and educational training camps on preparation for such international competitions held abroad.

4. Perfrom clearing settlements without restrictions.

4-1. Ekvayra have the right not to provide to the user the document on transaction using electronic means of payment in case of use of electronic means of payment via the payment terminal of ekvayr.

Payment service providers shall provide implementation of clearing settlements with use of electronic means of payment and settle the matters of argument arising and/or connected with implementation of such transactions irrespective of document availability on transaction using electronic means of payment.

5. Forbid issue in Ukraine of cash in foreign currency from customer account in foreign currency in the amount exceeding in equivalent of 100000 hryvnias a day (without the commission of bank), except cash withdrawal in foreign currency from accounts:

1) the companies and organizations providing accomplishment of mobilization plans (tasks), the Governments of Ukraine;

2) No. 12 is excluded according to the Resolution of Board of the National Bank of Ukraine of 01.03.2023

3) on implementation of compensation payments on long-term business trips and payments on ensuring activities of workers of devices of military attaches and offices of representatives of the Ministry of Defence of Ukraine to foreign diplomatic organizations of Ukraine;

3-1) on implementation of expenses or compensation payments on business trips of the national teams of teams of Ukraine for participation in official international competitions and educational training camps on preparation for such international competitions included in the Single schedule of the sports and improving, sporting events and sports competitions of Ukraine for the corresponding year held abroad;

4) Financial management of the General Staff of the Armed Forces of Ukraine for ensuring activities of the Armed Forces of Ukraine;

5) on implementation of operating expenses by the state air enterprise for providing, the organization and accomplishment by aircrafts of warranty aviation flights;

6) the state bodies authorized according to the legislation to perform operational search, counterintelligence, intelligence activities or pre-judicial investigation;

7) diplomatic representations, consular establishments of foreign states in Ukraine;

8) which manager is the customs authority, for the purposes of return of the money accepted by customs authority on storage or withdrawn to their owner;

9) on implementation of payments on business trip to persons who are part of the official delegations headed by the President of Ukraine for visits abroad, and/or structure of the forward parties providing preparation of visits of the President of Ukraine abroad;

10) on implementation of payments on business trip to employees of the state companies, being contractors of public contracts (agreements) on defensive procurements which are conducted according to the legislation of Ukraine.

5-1. Issue of bank metals from customer accounts of banks is performed without restrictions within remaining balance of bank metals on the account in the presence of bank metals in cash desk of branch/bank department.

5-2. Forbid issue outside Ukraine of cash:

1) from all customer accounts of bank opened in national currency, in amount which exceeds in equivalent 12500 hryvnias for each seven calendar days;

2) from customer account of the bank opened in Ukraine in foreign currency, in total amount which is determined in paragraph one of Item 5 of this resolution (in total amount the cash amount in foreign currency which are issued from this customer account in foreign currency within Ukraine on the same day is considered);

Action of subitems 1 and 2 of Item 5-2 of this resolution does not extend to issue of funds from accounts:

workers of devices of military attaches and offices of representatives of the Ministry of Defence of Ukraine to foreign diplomatic organizations of Ukraine;

to persons who are part of the official delegations headed by the President of Ukraine for visits abroad and/or structure of the forward parties providing preparation of visits of the President of Ukraine abroad;

the employees of the state companies who are contractors of public contracts (agreements) on defensive procurements which are conducted according to the legislation of Ukraine;

police officers who are sent as representatives (officers of communication) to the General secretariat / global complex of innovations of the International organization of criminal police - the Interpol, the European police office.

5-3. Forbid issue by banks of the savings certificates nominated in foreign currency.

6. To make payments of the Government without restrictions according to the legislation on the special period.

6-1. The Ministry of Defence of Ukraine performs from the accounts of transaction on money transfer opened in the National Bank of Ukraine in hryvnia / to foreign currency in the territory of Ukraine / abroad for ensuring national security and defense and support of the Armed Forces of Ukraine and accomplishment of other tasks of the Ministry of Defence of Ukraine determined by the legislation of Ukraine including purchase of foreign currency for such purposes, without submission to the National Bank of Ukraine of the documents confirming availability of bases/obligations for their carrying out. Such transactions are performed based on the payment order / order on purchase of foreign currency. The Ministry of Defence of Ukraine provides independent verification of agreements (contracts) and other documents confirming the transactions specified in the first offer of Item 6-1 of this Resolution on compliance to requirements of the legislation.

7. Support ATMs with cash without restrictions.

8. To banks to ensure functioning of departments in the uninterrupted mode in the conditions of lack of threat of life and to health of the population.

9. Provide access to storages for individual safes and/or safes with individual safes of clients in the uninterrupted mode if there is no direct threat of life and to health of the population.

9-1. Banks have the right to exceed determined in appendix to the Rules on the organization of protection of premises of banks in Ukraine approved by the resolution of Board of the National Bank of Ukraine of February 10, 2016 No. 63 (with changes), the maximum amounts of cash and other values which are stored in storage and the safe which is used as storage.

10. The NBU performs reinforcement cash without restrictions. The reinforcement of banks is performed by other values (commemorative and investment coins of Ukraine, souvenirs) based on the corresponding regulatory legal acts of the National Bank of Ukraine.

11. The National Bank of Ukraine performs refinancing of banks for maintenance of liquidity for up to one year.

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