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Bogdan Dyakovych

Bogdan Dyakovych is an Associate in Baker McKenzie's Kyiv office.

In an effort to help expand opportunities for businesses and individuals to hedge currency risks, the National Bank of Ukraine has updated its foreign exchange regulations and eased certain restrictions concerning derivative transactions.

Starting from 17 January 2021, Ukrainian banks are permitted to exchange Ukrainian hryvnia (UAH) for foreign currency under forward transactions with all their clients.

On 21 July 2020, Ukraine’s parliament, the Verkhovna Rada of Ukraine, passed in the first reading a Draft Law No. 3760 “On State Support for Investment Projects with Significant Investments” (“Draft Law”). The Draft Law was proposed by the President of Ukraine as part of his investment promotion agenda and is aimed at enabling state support for major investments in Ukraine.