From August 6, 2022, the National Bank of Ukraine is easing a number of restrictions to support volunteer activities against the backdrop of the invasion of the Russian Federation.

According to Ukrinform, this is reported by press office NBU.

“Realizing the importance and effectiveness of the volunteer movement in Ukraine and its importance in the conditions of a full-scale war, the National Bank enabled banks not to apply the limit on the settlements of individual volunteers on hryvnia payment cards abroad in order to purchase military goods,” the report says.

The settlement limit will not apply if the following requirements are met simultaneously:

operations on the volunteer’s account are typical for this individual, and the volume of transactions carried out on his accounts exceeded the equivalent of UAH 100,000 per month until July 21, 2022;

submission to the bank of a letter from a state body or military unit on cooperation with a volunteer and ordering goods for the corresponding purpose, if the amount of such an operation exceeds the equivalent of UAH 400,000 per month;

provision of the estimated cost (calculation) of the goods and the timing of the order;

informing the bank volunteer about the collection of funds in order to pay for products.

Read also: Banks will attract volunteers to discuss the purchase of military goods

The NBU clarified that the list of goods that individual volunteers can buy includes: walkie-talkies, body armor, helmets, helmets, military and tactical uniforms, military and tactical shoes, protective clothing, optical surveillance devices, unmanned aerial vehicles, sleeping bags, mats and medical supplies.

“The bank’s availability of information from open sources regarding the unfair practice of the activity of the relevant individual may be the basis for the bank’s refusal to continue to carry out such operations in the amount exceeding the limit of UAH 100,000 per month (equivalent)”, the NBU added.

As reported, from August 10, 2022, the National Bank will begin publishing derivative indicators of the Ukrainian Interbank Overnight Rate Index (UONIA).