The Cabinet of Ministers of Ukraine canceled all restrictions on the import of goods into Ukraine. What impact this decision will have on the business of Lviv Oblast explained in the Department of Economic Policy of Lviv Oblast.
Yesterday, the CMU adopted Resolution No. 761 dated July 7, 2022 in accordance with which it recommended the National Bank to ensure the implementation of transfers for operations on the import of goods classified in product groups 01-97 of the UCTZED in accordance with the Law of Ukraine “On the Customs Tariff of Ukraine”, and as well as the import of services, works, intellectual property rights, other non-property rights intended for sale (paid transfer), according to the list in accordance with the appendix to this resolution.
In particular, the title of Cabinet Resolution No. 153 dated 24.02.2022 “On the List of Critically Imported Goods” was changed to “On Certain Issues Regarding Ensuring Imports” and approved the list of services, works, intellectual property rights, other non-property rights intended for sale (paid transfers), for import operations of which the National Bank is recommended to ensure transfers.
“From the first day of the war, it was extremely necessary to preserve the available foreign currency within the state in order to prevent the collapse of the Ukrainian economy. However, during the 134 days of the war, more than 100 enterprises, not only from the region, but also from the whole of Ukraine, applied to the Lviv OVA regarding the inclusion of critically needed goods in the list. It so happened that the business imported a lot of raw materials, components and equipment from all over the world, therefore such strict import limits limited the development and functioning of Ukrainian business. Local authorities will continue to maintain contact with business and central authorities in order to ensure a constructive dialogue and sustainable development of the economy of all sectors,” said the head of the department of economic policy of the regional military administration, Stepan Kuybida.
The department also noted that in connection with the abolition of restrictions on international currency payments for goods and the return of customs duties and VAT on imported goods, not only an increase in revenues to the budgets of all levels is predicted, but also the restoration and growth of production and export capacities, which were until February 24, which in general will lead to the strengthening of the economic front of Ukraine.
We will remind you that the Ukrainian government introduced the list of critical import goods on February 24 – at the beginning of the full-scale Russian invasion. In particular, it included critically needed goods: fuel, medicines, food and other essential goods.