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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.
On 6 January 2018, the Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine on Simplification of Doing Business and Investment Attraction by Securities Issuers” entered into force.
The Law is aimed at improving tax administration and increasing some tax rates to ensure the budget balance.