The National Bank of Ukraine (NBU) explained that at the start of November demand for foreign currency in Ukraine rose because of increased budget spending and more active purchases by households.
Possible blackouts of up to 14–20 hours
Due to strikes on substations and problems with transmission of generation, Ukrainians face blackouts of up to 14–20 hours a day even with operating nuclear power plants (NPPs). Risks of sewage system collapse and rising prices are reported; some businesses are already buying electricity for 17 hryvnia per kilowatt-hour.
Why the dollar is rising and the state of the FX market
At the start of November demand for foreign currency rose because of higher budget expenditure, notably on defence, and more active household purchases, while supply fell due to shelling and lower receipts from exporters. The bank noted that the situation remains under control and there is no shortage of cash foreign currency in the banking system.
Taxation of sales via digital platforms from 2027
From 1 January 2027 the rules for taxing income from the sale of goods through online platforms will change. If a user sells on several platforms and their aggregate annual income exceeds €2000, the tax authority, under conditions defined by law, will calculate the tax liability itself, and payment will be due within 60 days after receiving the notification-decision.
Rules for the crypto market and regulator warnings
A revised draft law No. 10225-d on the virtual assets market is being prepared, which provides for authorisation for crypto exchanges and is to come into force on 1 July 2027. The regulator warns of risks to the hryvnia and the financial system, in particular the potential for uncontrolled circulation of foreign tokens and unequal conditions for market participants.
