Thousands of Russian nationals may be at risk of their foreign accounts being blocked.
The National Bank of Ukraine (NBU) says Ukraine needs to adopt laws for the effective operation of the banking sector, finalize and introduce the strategy of state-owned banks' development, improve the management of local communities' funds, and enhance cyber security – these measures are supposed to help the country support its financial stability, according to the guidelines of the NBU Financial Stability Report, published on December 18, 2017.
The International Monetary Fund (IMF) sees considerable risks both on the revenue and expenditure side of Ukraine's 2018 budget though it agrees with the government's deficit target of around 2.5 percent of GDP, the IMF country head told Reuters on Friday.
High-level liquidity in Ukraine's banking sector, as well as a historically high liquidity in the state's accounts, could potentially threaten the stability of the hryvnia," according to a statement, published on the website of the National Bank of Ukraine (NBU) following the NBU Council meeting.