“Defence City launches currency easing: NBU opens up more opportunities for the defense industry
31 December 16:04
The National Bank of Ukraine will ease a number of currency restrictions for defense companies starting December 31, 2025. The decision was made as part of the implementation of the new legal regime “Defense City” designed to support the country’s defense capabilities, "Komersant Ukrainian" reports.
What happened
According to the regulator, the relevant changes were developed jointly with the Ministry of Defense.
The NBU has announced the introduction of special currency conditions for residents of the “Defense City”. These include simplified rules for purchasing foreign currency for importing goods, as well as the possibility of making certain cross-border transfers from Ukraine.
What are the changes?
The easing of currency restrictions applies only to companies that have been granted the status of residents of the “Finance City”. They will be able to settle payments with foreign counterparties and import the necessary components and equipment more quickly.
The NBU emphasizes that the decision is of an applied nature and is aimed at ensuring the stable operation of the defense industry in times of war.
The changes are enshrined in a resolution of the NBU Board
The changes are enshrined in NBU Board Resolution No. 166 dated December 30, 2025. The document amends the basic currency resolution adopted at the beginning of the full-scale invasion in February 2022 and came into force on December 31.
“Defense City” is a special legal regime to support defense companies introduced by the law that came into force on October 5, 2025. It provides for tax benefits and the creation of certain regulatory conditions, in particular in the area of currency transactions.
The law explicitly recommended that the NBU define special currency supervision rules for such enterprises.
In wartime, defense manufacturers are critically dependent on rapid imports of technology and components. The easing of currency restrictions could reduce delays in deliveries and operational risks for defense companies.
At the same time, the NBU emphasizes that the changes are targeted and do not mean a general relaxation of currency controls for the entire economy.
