In addition to restrictive measures on ensuring the stability of the currency and banking system of Ukraine, introduced by the National Bank of Ukraine ("NBU") on 6 February 2014, NBU passed a resolution on 27 February 2014 introducing additional measures on the foreign exchange market regulation*.

As stated in its text, the resolution comes into effect on 28 February 2014 and will be in force till relevant instruction of NBU, excluding certain measures that will apply till 28 March 2014.

The additional measures introduced include:

• limitation of issue (receipt) of cash in foreign currency from current and deposit accounts through ATMs and casher's offices to a maximum of 15,000 (fifteen thousand) hryvnia per day per one customer in equivalent pursuant to the official rate of NBU**;
• refund of deposits attracted in foreign currency, for all types of contracts, in the national currency at the rate of purchase of foreign currency on the day of transaction**;
• in addition to prohibition of purchase of foreign currency for early repayment of loans under agreements with non-residents, as well as for the investments abroad, residents are now allowed to conduct these operations exclusively from their proprietary funds in foreign currency (not purchased are not involved in the form of loans, loan);
• prohibition of transactions without supply of currency in the interbank currency market of Ukraine;
• granting banks the right to refuse customers in credit provision (advancing of money) in foreign currency, if such funds are raised to pay for the client's liabilities in foreign currency, other than the payment of interest on borrowings in foreign currency in order to avoid the requirement to purchase currency for legal entities and individuals individual entrepreneurs only after expiration of six operating days after the relevant order;
• granting NBU the right to restrain operation of the authorized banks in the System of confirmation of agreements on the interbank currency market of Ukraine if such bank conducts operations, leading to destabilization of the interbank currency market of Ukraine.

At that NBU has terminated its measures stating that currency transfers must be made only within the amounts of opening balances on the accounts (proceeds during the day to be disregarded).