26 Jan 2024 14:02

National Bank of Ukraine allows for shorter period of forex revenue return for exchange-traded goods other than grain

MOSCOW. Jan 26 (Interfax) - The period of forex revenue return for grain exports, which has been cut from 180 to 90 days, may apply to other exchange-traded goods, deputy head of the National Bank of Ukraine Yury Geletiy said.

"The issue of other exchange-traded goods is being considered so that we take certain steps and encourage the return of export revenue at the time difficult for the country," Ukrainian media quoted Geletiy as telling a press briefing on Thursday.

An analysis of 200 agro-industrial companies indicates that export revenue grew 1.6 times from October to December 2023, he said.

The National Bank has intensified information cooperation with the State Customs Service and the State Tax Service, Geletiy said.

"We must receive customs declarations indicating the product code and the country of origin, and, in fact, we have agreed on this with the customs and signed the corresponding protocols between the National Bank and the customs service. We also agreed to improve the exchange of information and formalized agreements with the Tax Service," he said.