KIEV, Aug. 28 – The National Bank of Ukraine has decided to temporarily not apply fines to banks for violation of economic requirements, limits for the general (long/short) open currency position due to the situation in Crimea, armed hostilities in Donetsk and Luhansk regions and due to the hryvnia exchange rate devaluation.

Resolution No. 529 will take effect from the moment of its publication on the NBU's Web site and will be in effect until January 1.

"Administrative measures will not be applied to banks if they observe restrictions… [preventing] the violation of economic requirements, and on limits on the general (long/short) open currency position," reads the document.