KIEV, March 28 – The National Bank of Ukraine has mitigated some requirements for foreign credit transactions until June 8.

The NBU also permitted the use of investment accounts of nonresident investors to send funds that banks owe them for a separate currency transaction, the central bank has reported on its website.

The decision is outlined in NBU resolution No. 192 dated March 24 that amends NBU resolution No. 140 dated March 3.

The liberalization of administrative currency restrictions would facilitate foreign credit restructuring for residents. It would also help fulfilling the capitalization programs by banks that have debts to nonresidents under a separate currency transaction due to the introduction of temporary restrictions for transfer of funds outside Ukraine using personal licenses.