Featured Galleries CLICK HERE to View the Video Presentation of the Opening of the "Holodomor Through the Eyes of Ukrainian Artists" Exhibition in Wash, D.C. Nov-Dec 2021
USUBC COLLECTION OF OVER 160 UKRAINE HISTORIC NEWS PHOTOGRAPHS 1918-1997
"HOLODOMOR 1932-33: THROUGH THE EYES OF UKRAINIAN ARTISTS" - COLLECTION OF POSTERS AND PAINTINGS
USUBC COLLECTION OF HISTORIC PHOTOGRAPHS ABOUT LIFE AND CAREER OF IGOR SIKORSKY PHOTOGRAPHS - INVENTOR OF THE HELICOPTER
Ten USUBC Historic Full Page Ads in the Kyiv Post
Ukraine allows early repayment for cross-border loans
Sayenko Kharenko, Kyiv, Ukraine
Thu, July 27, 2017
As a part of the ongoing liberalisation of the currency control, the National Bank of Ukraine (the "NBU") adopted Resolution No. 61 dated 10 July 2017 (effective from 11 July 2017) which lifted the following restrictions imposed by the NBU as stabilisation measures in November 2013:
- Early repayment
Ukrainian companies (as borrowers under cross border loan/finance agreements) may prepay the relevant cross-border loans, provided that such prepayment is made to a foreign lender that is:
- a foreign bank; or
- a subsidiary of an international financial institution (the "IFI"). To benefit from this exception, the IFI may be either a shareholder/participant of such Ukrainian borrower and/or a foreign lender.
- Early repayment by Ukrainian banks and new opportunities for converting debt into equity
Ukrainian banks (as borrowers under the cross-border loans/finance agreements) may early prepay the relevant cross-border loans.
The NBU now also allows Ukrainian banks to repay and/or prepay the relevant amounts in foreign currency (including, any accrued interest and other payments, commissions and fees under the loan/finance agreements) directly to a Ukrainian investment account of the foreign lender, provided that the repaid/prepaid amount will be subsequently invested by the foreign lender into the capital of such Ukrainian bank.
For more information, please contact Nazar Chernyavsky, Anton Korobeynikov or Maria Tsabal.
_____________________________________
Sayenko Kharenko enjoys global reputation as a leading Ukrainian law firm with an internationally oriented full-service practice. The firm’s leading market position builds on continuous excellence of its highly specialized practice teams. In 2017, Sayenko Kharenko collected three of the most prestigious professional excellence country awards, more specifically, Law Firm of the Year by each of IFLR European Awards, Who’s Who Legal Awards and Legal Awards.
To learn more about Sayenko Kharenko’s expertise and experience, please contact
Alyona Onishchenko
Director of Marketing and Business Development
T: +380 44 499 6000
