KIEV, Nov. 23 – The National Bank of Ukraine has made an exception of the general rules of controlling the rates of foreign credits of loans if resident borrowers (both companies and financial institutions) raise funds from nonresident creditors with the participation of export-credit agencies.
"This step would expand opportunities for residents' access to foreign credit resources provided with the participation of export-credit agencies," the NBU said in its comments to resolution No. 404 dated November 22, 2016 on the approval of amendments to the rules of receiving credits and loans by residents in foreign currency from nonresidents and provision of loans in foreign currency by residents to nonresidents.
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