Commission`s Opinion – EU acquis Chapter 4

Some level of preparation (2)

Ukraine has some level of preparation in terms of alignment with the EU requirements in the area of the free movement of capital, with major laws being adopted but not yet fully implemented or in force. It is focusing for the moment on currency regulation and supervision and foreign exchange transactions. Foreign direct investment transactions into Ukraine (financial borrowing, loans to residents, real estate, securities) are liberalised, but loans and transfers to non-residents are subject to restrictions. The purchase and transfer of foreign currency outside Ukraine to return proceeds from a foreign investment to a foreign investor is possible, but administratively burdensome.