NBU extends the term of foreign lender loans prepayment prohibition until 1 September 2014 (update)

Asters, Kyiv, Ukraine,
Monday, June 2, 2014

By its Resolution No. 348, effective as of 1 June 2014, the National Bank of Ukraine (the "NBU") extended the term of the prohibition of early repayment of loans provided by non-resident lenders until 1 September 2014.

Furthermore, according to Resolution No. 348, the NBU shall not register amendments to loan agreements with non-resident lenders reducing the term of fulfillment of the resident borrowers' obligations under such loan agreements or providing for early fulfillment of obligations thereunder.