The Ukrainian parliament and government have adopted a number of laws and by-laws to deal with the threat COVID-19 and related quarantine are having on the economy. At the same time, measures adopted up to date do not provide for any specific compensation schemes.
The National Bank of Ukraine has announced that it is negotiating with the Internal Monetary Fund (IMF) the possibility to obtain part of the emergency financing facilities provided by IMF. However, no agreements have yet been reached in this respect.
The National Bank of Ukraine has also announced that it has introduced a special grace period for servicing commercial and consumer loans, however, no formal decision has been adopted yet. Thus, any special conditions for the existing financing may be adopted only on voluntary basis by the banks.