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Overall, the NBU has cancelled more than 30 FX restrictions towards the free flow of capital since the beginning of 2019.
Constitutional Court of Ukraine declared unconstitutional certain provisions of the Law of Ukraine “On the National Energy and Utilities Regulation Commission” regarding the legal status of the National Energy and Utilities Regulation Commission, and the powers of the President of Ukraine and the Ukrainian Parliament on appointment of members of the Regulator.
Generally, the sanctions limit economic activities in Ukraine, prevent the withdrawal of capital outside of Ukraine and prevent certain individuals from entering the country.
On 1 January 2019, the amendments to the Law of Ukraine “On the Regulation of Town Planning Activity” No. 3038-VI, dated 17 February 2011, became effective.
In implementation of the new Law of Ukraine “On Currency and Currency Transactions”, the National Bank of Ukraine introduced new currency control rules (“New FX Rules”) taking effect on 7 February 2019. The New FX Rules will remove or significantly ease over 20 currency control restrictions.