Starting from February 1, 2025, Ukraine will implement a series of changes that will have a significant impact on financial transactions, military benefits, electricity tariffs, and international travel. These changes will affect various aspects of daily life, including banking, utility costs, and social benefits for military personnel and their families.
One of the most notable changes will be the introduction of new bank transfer limits. Ukrainian banks will impose restrictions on transfers between individuals, with a cap of UAH 150,000 per month for transactions made using IBAN details. However, this limit will only apply to individuals who do not have documented income. People who fall into this category will be classified based on their risk level, with high-risk customers facing a limit of UAH 50,000 per month. For medium and low-risk individuals, the transfer limit will be reduced to UAH 100,000 from June 1, 2025. The National Bank of Ukraine (NBU) has introduced these measures as part of efforts to combat the shadow economy and illegal financial activities.
In addition to the banking restrictions, there will also be changes to the Law on Social and Legal Protection of Military Personnel. Starting February 1, 2025, a new procedure for payments to the families of military personnel who are missing in action or held in captivity will come into effect. Half of the allowance will be distributed to immediate family members, such as spouses, parents, or children. If no immediate family members are available, the remaining amount can be claimed by other relatives. The law aims to ensure a fair distribution of payments among family members, reflecting the soldier’s wishes in the event of captivity or disappearance.
Another key change involves the electricity tariffs for heating. Ukrainians who use electricity for heating will now pay a reduced tariff for the first 2000 kW per month, at a rate of UAH 2.64 per kW. If consumption exceeds this limit, the additional kW will be charged at the higher rate of UAH 4.32. This new pricing structure replaces the previous system, where a higher rate applied to all consumption once the limit was exceeded.
Furthermore, gas prices will remain unchanged until April 30, 2025, with consumers continuing to pay UAH 7.96 per cubic meter of gas, as provided by Naftogaz.
Finally, international train tickets will also become more expensive due to rising energy and material costs. For example, the price of tickets from Kyiv to Warsaw will rise by 37%, while tickets for routes to Budapest, including various types of train carriages, will see increases ranging from 9% to 27%.
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