Ukraine's central bank introduces a payment moratorium

In connection with the announcement on the evening of 24 February 2022 by the central bank of Ukraine of a moratorium on cross-border foreign currency payments (except for payments of enterprises and institutions ensuring mobilization tasks), which de facto means a ban on foreign currency transfers from Ukraine, KUKE is forced to cancel all credit limits for buyers based in Ukraine as of 25 February 2022. We will keep you informed about further decisions as the situation develops.