General Information

Given the constantly evolving foreign exchange regulations, it is essential to gather thorough information before any export or financial operation involving Ukraine. See the paragraph above regarding currency transfers.

Means of Payment & Banking Specificities

Cash payment by SWIFT transfer before shipment is strongly recommended. Bank checks or checks issued by companies should be avoided. In any case, they are not used in Ukraine except sometimes for salary payments and certain other operations, or by foreign banks that issue checks in foreign currency payable outside of Ukraine. Most payments are made by transfer in local currency (Hryvnia). Promissory notes are not popular as a payment instrument in import-export activities in Ukraine due to domestic regulatory reasons.

Setting up credit guaranteed by Bpifrance (formerly "Coface," within the limits of available government envelopes), but also under war risk guarantee coverage, can also be considered. An irrevocable and confirmed documentary credit is currently not possible due to the war context.

Confirmation of documentary credits on Ukraine will be studied on a case-by-case basis depending on the counterparty, the duration of the commitment, and our group's availability in terms of country risk. Operations involving Ukraine are currently handled by advance payment.