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Ukrainian banks are prohibited to impose penalties for late payments

Украинским банкам запретили штрафовать за просрочку платежей

Saturday, July 4, the law came into force.

In Ukraine Saturday, July 4, banks are prohibited to charge a penalty for late payments during the quarantine. Today the relevant law entered into force.

The document protects borrowers from penalties and fees on loans during the period of quarantine and a 30-day period after its completion.

The changes made in the commercial code.

See all our: Minister of Finance told me how much Ukraine will pay creditors in 2021

The law comes into force the day after publication, and on Friday it published in the edition “Voice of Ukraine”.

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