National Bank of Ukraine

The director of the legal department of the National Bank of Ukraine was in a conflict of interest when he recommended withdrawing the lawsuits filed by Concord Bank against the NBU before its liquidation.

The IMF team headed by Uma Ramakrishnan has begun meetings in Kyiv with Ukrainian authorities to discuss the economic challenges facing Ukraine, and on February 17, the IMF mission will begin negotiations on the third review of the program for Ukraine in Warsaw.

The National Bank of Ukraine predicts that the moratorium on certain housing and utility tariffs, such as heating and hot water, will remain in effect until the end of martial law, but that tariffs will need to be gradually increased to economically justified levels over several years.

The NBU proposes to ban cash registers without video surveillance to improve control over cash transactions.

Restrictions on money transfers proposed by the National Bank of Ukraine and supported by Danylo Hetmantsev, chairman of the Verkhovna Rada's tax committee, could give tax authorities the power to excessively control citizens' finances and compare their income and expenses.

The NBU is considering restricting card transfers and cash withdrawals to reduce shadow payments.

The DGF sells off the property of Concorde Bank, despite the lack of such a need.

Ukraine's international reserves fell to $38. 5 bn in January due to a reduction in foreign aid and debt payments, despite the fact that the government received $898.9 mn in foreign currency.

The SBI confirmed that it is investigating a case of possible abuse of office by the Director of the Legal Department of the National Bank of Ukraine.

The National Bank of Ukraine expects food inflation to be higher in 2023 than in the previous year.

In the event that a conflict of interest is found in Deputy Managing Director of the DGF Rudukha due to her work in banks that have been declared insolvent.

Last week, the National Bank of Ukraine sold $239 million and bought more than $15 million on the foreign exchange market, the largest weekly volume since the beginning of the year.

Additional funds of UAH 720 billion can be raised from Ukraine's domestic resources to cover the needs of military mobilisation, as funds from international partners cannot be spent on the needs of the Armed Forces. Currently, no decision has been made on the number of mobilised or the source of funding has not yet been decided.

The volume of cash turnover of banks in Ukraine increased in 2023: cash receipts and cash disbursements in banks grew by 13. 6% and 11.5%, respectively, due to the economic recovery.

According to the National Bank of Ukraine, in 2024, international financial support for Ukraine will remain at a high level of about USD 37 billion.

Businesses have downgraded their assessments of current operations and prospects due to the intensification of hostilities, rising costs, and uncertainty.

The expert believes that in Ukraine it is permissible for an official to "make mistakes" in the interests of the state, the scale of which is distorted.

How former banker Rudukha circumvented the law by concealing a conflict of interest.

As of January 1, 2024, the largest number of 500 hryvnia banknotes were in circulation, almost a third of the total, as well as 10 kopiika coins.

The economic expert believes that the NBU's powers should be significantly narrowed.

An expert on possible abuses at the National Bank: how can we overcome Russia if we have not overcome ourselves.