The Cabinet of Ministers canceled the resolution on restrictions of import of business services. Previously, the National Bank of Ukraine adopted a similar decision, as announced by Prime Minister Denys Shmyhal during the government meeting.

He said: “We are canceling Resolution of the Cabinet of Ministers No. 153 which limited payments for the import of goods and services. This is very important for business”.

He also noted that such liberalization will open up new opportunities for Ukrainian entrepreneurs, namely to enter new markets and to strengthen Ukrainian exports.

Shmyhal declared that such decision of the government is included in the broader policy of deregulation being currently carried out.

He added: “Over a thousand permits, licenses, and certificates governing interaction of the state and business have been reviewed. Some will be completely canceled, some will be simplified, some will be digitized”. Previously, the NBU mitigated currency restrictions for business entities making payments abroad.