The National Bank of Ukraine has increased the financing opportunities for foreign representative offices of Ukrainian companies: previously, this was possible within the limits of actual transfers in 2021, but now it is possible either within these limits or up to EUR 1 million per year, whichever is greater.
“This relaxation will not affect Ukraine’s currency market, as such transfers will only be allowed using the business’s own currency. At the same time, it will enable Ukrainian companies to step up their efforts to promote their products on foreign markets,” the National Bank said on its website on Saturday.
The regulator has also allowed such transfers for relatively young companies, setting a restriction that at least 12 months must have passed between the date of their state registration and the date of the transaction.
“In the long term, the changes will contribute to the growth of the country’s export potential by expanding cooperation between Ukrainian businesses and foreign partners and increasing trade,” the NBU said.
In addition, the central bank has allowed payments related to legal proceedings for non-compliance by non-residents with the terms of import and export contracts.
“The decisions adopted allow legal entities of all forms of ownership to purchase foreign currency and transfer it abroad to pay registration, arbitration, court fees, and other payments and expenses during enforcement proceedings for non-compliance by non-residents with the terms of import and export contracts,” the National Bank explained.
He added that, based on a customer survey conducted by banks this year, the impact on the currency market is not expected to be significant. On the other hand, businesses will be able to protect their property and other rights and interests in foreign jurisdictions in a timely and adequate manner when resolving issues related to the return of foreign currency proceeds under export contracts or prepayments under import contracts.
The NBU clarified that the relevant amendments to “military” Resolution No. 18 of February 24, 2022, were introduced by Resolution No. 53 of the regulator’s board on May 9 of this year and came into force on May 10.
The National Bank of Ukraine has increased limits on corporate card payments abroad. Cash withdrawals of up to UAH 17,500 (equivalent) are now permitted, whereas the previous limit was UAH 12,500.
“The expansion of limits will not have a significant impact on the currency market of Ukraine, given that the increase in demand for foreign currency for corporate card transactions is likely to be offset by a decrease in demand through other, less convenient channels,” the National Bank said on its website on Saturday.
It added that the second easing was an increase in the limit for payments for goods, works, and services with corporate cards abroad from UAH 100,000 to UAH 150,000 per month.
For personal cards, the limits remain unchanged: UAH 12,500 for cash withdrawals per week and UAH 100,000 for non-cash payments.
The NBU clarified that the relevant changes to “military” Resolution No. 18 of February 24, 2022, were introduced by Resolution No. 53 of the regulator’s board on May 9 of this year and came into force on May 10.
Among all Middle Eastern countries, Iraq ranks among those toward which Ukrainians have the least positive attitudes. These data were obtained from a sociological survey conducted by Active Group in April 2025 in cooperation with the information and analytical center Experts Club.
According to the results, 40.0% of Ukrainians have a negative attitude toward Iraq (30.1% — mostly negative, 9.9% — completely negative). Only 5.8% of respondents expressed a positive attitude (3.7% — mostly positive, 2.1% — completely positive). Another 46.2% of respondents chose a neutral position, and 8.0% were unable to answer.
“Ukrainians associate Iraq primarily with military conflicts, terrorism, instability, and geopolitical threats, rather than diplomatic or economic contacts. This shapes a persistent image of the country as a ‘risk zone,’” commented Maxim Urakin, founder of Experts Club.
The results indicate deep informational associations that need to be changed if countries plan to expand contacts in the peaceful, trade, or cultural spheres.
The presentation of the study is available at the link.
ACTIVE GROUP, DIPLOMACY, EXPERTS CLUB, Pozniy, SOCIOLOGY, URAKIN
Shareholders of Arsenal Insurance (Kyiv) decided at a meeting on May 7 to allocate UAH 34.705 million of undistributed profits for 2021 and UAH 15.395 million for 2022 to dividend payments, the company reported in the information disclosure system (NSSMC).
As stated in the report, the dividend per ordinary share will be UAH 167. Dividends will be paid directly to shareholders in proportion to the number of shares held by each of them from May 29 to June 27, 2025.
Insurance Company Arsenal Insurance is the successor to Insurance Company Arsenal-Dnipro, which has been operating in Ukraine since 2005. It is represented in all regional centers and some major cities of the country.
According to the NBU, the company is one of the top ten insurers in Ukraine in terms of premiums collected for the first nine months of 2024.
Romania, which is Ukraine’s neighbor and a member of the EU and NATO, is perceived by Ukrainian society as mostly neutral or moderately positive. This is evidenced by the results of a sociological survey conducted by Active Group in April 2025 in collaboration with the Experts Club think tank.
According to the survey, 41.1% of Ukrainians have a positive attitude toward Romania (33.6% mostly positive, 7.5% completely positive). On the other hand, 8.8% of respondents expressed a negative opinion (7.3% mostly negative, 1.5% completely negative). The largest share was held by those with a neutral position — 46.5%, while 3.6% of respondents were undecided.
“Neutrality towards Romania can be explained by both limited information about its support and the lack of high-profile initiatives that shape the image in the public consciousness. Nevertheless, there is almost no negativity,” commented Maksim Urakin, founder of Experts Club.
Thus, Romania has significant potential to deepen cooperation and improve its image in the eyes of Ukrainian society.
The presentation of the study is available at the link.
ACTIVE GROUP, DIPLOMACY, EXPERTS CLUB, Pozniy, SOCIOLOGY, URAKIN
Under the coordination of the Ministry of Energy of Ukraine, as part of a project to ensure uninterrupted power supply to critical railway infrastructure, JSC Ukrzaliznytsia (UZ) has received 23 backup power stations from donors in the Netherlands and Switzerland.
“Since the start of Russia’s full-scale aggression, Ukraine has received 211 humanitarian shipments from the Netherlands weighing a total of 2,905 tons, and 59 shipments from Switzerland weighing a total of 651 tons,” the ministry said on Thursday.
The Ministry of Energy did not specify the capacity of the power generators provided.
The equipment was provided to Ukraine by the Dutch Ministry of Economy and Climate and an unnamed donor from Switzerland.
As reported, in December 2024, the European Bank for Reconstruction and Development (EBRD) opened two credit lines for Ukrzaliznytsia: EUR 180 million for the purchase of gas piston units and EUR 300 million for the purchase of electric locomotives.
According to the plans, EUR 180 million will be allocated for the purchase and installation of equipment for decentralized small-scale gas generation with a total capacity of up to 270 MW. The facilities were planned to be located at Ukrzaliznytsia sites throughout Ukraine. The total cost of the project is EUR 248 million.
