19:29 26.02.2024

NBU has final say in allowing companies to pay eurobonds from Ukraine

2 min read
NBU has final say in allowing companies to pay eurobonds from Ukraine

The final decision on the sale of FX currency to large Ukrainian companies and holdings and their further settlements from Ukraine on eurobonds with Western creditors will be made by the National Bank of Ukraine (NBU), First Deputy Prime Minister - Minister of Economy Yulia Svyrydenko said at the Made in Ukraine forum in Kyiv on Monday.

"We acted exactly within the framework of the law. Appropriate changes were made, which stipulate that the government applies to the National Bank of Ukraine. We, accordingly, registered this appeal and contacted the National Bank, which has the final say in permitting or prohibiting the implementation of relevant FX currency transactions," she said at the briefing.

As reported, the Cabinet of Ministers, by orders dated February 6 and February 13, approved petitions to the NBU with a request to allow the companies VF Ukraine, DTEK, Metinvest, Interpipe and Kernel to make payments from Ukraine on eurobonds and other obligations to external creditors. The attached documents noted, in particular, that such decisions would preserve investor confidence, save foreign currency for companies, many of which are the largest exporters, and ensure their more efficient and stable operation in the future. According to calculations by Interfax-Ukraine, the total amount of applications is over $1.8 billion.

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