Ukrainian banks to have tighter oversight of clients’ spending
Source: National Bank of Ukraine on Facebook
In a bid to tighten financial oversight, the National Bank of Ukraine has recommended on Monday that banks need to introduce limits for their clients in line with their declared income. This recommendation would require banks to set spending limits based on the income information provided by clients and apply these limits across all of the client’s bank accounts simultaneously.
Under the new guidelines, if a client’s card turnover exceeds their declared income, their account may be frozen until they provide an explanation for the source of the funds. The National Bank of Ukraine argues that the policy is to “increase control”over financial transactions and crack down on “tax evasion” schemes.
“We advise banks to coordinate through their association to ensure that income-based limits become the standard across the board, so clients can’t simply switch banks to avoid restrictions,” said NBU Deputy Governor Dmytro Oliinyk.
To further enhance monitoring, the National Bank will also set up a register of compromised cards that will help blacklist “unreliable sellers” over the next month.
After the start of the full-scale invasion in February 2022, Ukraine witnessed an unprecedented wave of private support for the army. Citizens, big businesses, charitable foundations, and international philanthropists began financing the country’s defense alongside state assistance provided by international partners. Estimates of total private contributions range from tens to hundreds of billions of hryvnias. However, determining the exact amount remains difficult. In many cases, companies combine military aid, humanitarian programs, tax payments, social spending, and employee support in their reporting.
Rinat Akhmetov’s military initiative, “Steel Front”, has delivered a batch of drones worth UAH 214 million to the 1st “Azov” Corps of the National Guard of Ukraine. This shipment is part of the Metinvest Group’s ongoing support for the unit in 2025.
On October 6, the Administrative Cassation Court within the Supreme Court of Ukraine continued hearing case No. 990/80/25, in which the fifth President and leader of the party “European Solidarity”, Petro Poroshenko, seeks to have Presidential Decree No. 81/2025 from February 12, 2025 — enacting sanctions by the decision of the National Security and Defense Council (NSDC) — declared illegal and annulled. The plaintiff claims the document was falsified and that the sanctions are a tool of political persecution of the opposition, contrary to international norms. Government representatives deny the allegations and insist their actions were lawful. Journalists of Bukvy were present at the hearing.
Rinat Akhmetov’s Metinvest Group has completed the construction of an upgraded underground NATO Role 2 hospital in one of the hottest sectors of the frontline. This is the second stabilization point established under the Steel Front initiative in cooperation with the Medical Forces of the Armed Forces of Ukraine. The new facility, funded by Metinvest with an investment of UAH 21 million, is more secure than the first one thanks to its deeper location underground (over 6 meters) and additional fortifications.
Five armored vehicles “Kozak” have received a new mission – thanks to the support of Metinvest, they have been upgraded to full-fledged command and staff vehicles. These upgraded vehicles are now operating on the front line.