Ukraine

According to the deputy governors of Ukraine’s central bank, the bank is contemplating lifting restrictions on the repatriation of dividends out of the country from 2023 onwards. Since the onset of the war, Ukraine has imposed a broad range of capital controls. However, earlier this month, the bank published a strategy for the liberalization of capital controls, to lift all FX restrictions, thereby transitioning to a flexible FX regime and adopting a full inflation-targeting monetary policy. The interview also indicated that the bank prioritizes the FX regime for businesses over households to stimulate economic activity and investment in the country.