Compliance
Ukraine’s New Export Settlements Extension: What Exporters Must Know
Ukraine has extended the settlement period for certain agricultural exports from 120 to 150 days—here’s what businesses need to do now.
By NomadicTax Research Team • 5-8 min read • September 16, 2026
## Background of the Settlement Extension
On **August 25, 2026**, the Board of the National Bank of Ukraine adopted **Resolution № 97**, amending previous rules (specifically to Resolution № 67 of 14.05.2019). These changes take effect **27 August 2026**, and apply to transactions carried out from **July 1, 2026 to August 31, 2027**. ([tax.gov.ua](https://www.tax.gov.ua/en/mass-media/news/1049984.html?utm_source=openai))
Under the updated rules, the **settlement period** for exports of certain agricultural products has been extended from **120 to 150 calendar days**, for products listed under codes including 1001–1005, 1201, 1205–1206 00, 1507, 1512, 1514, and 2306. ([tax.gov.ua](https://www.tax.gov.ua/en/mass-media/news/1049984.html?utm_source=openai))
## Who This Affects
This change matters for businesses in Ukraine that:
- **export agricultural goods** under the codes specified above, especially agriculture, grains, and similar goods;
- rely on extended payment terms when exporting to foreign buyers;
- operate within sectors subject to foreign exchange supervision in Ukraine. Transactions like these are monitored for both payment deadlines and compliance with export security regimes. ([tax.gov.ua](https://www.tax.gov.ua/en/mass-media/news/1049984.html?utm_source=openai))
## Practical Implications & Action Steps
Exporters need to adjust internal and financial processes:
| Aspect | Before | Now | What Businesses Should Do |
|--------|--------|-----|----------------------------|
| **Settlement timeline** | Up to 120 days | Up to 150 days for certain goods (until August 31, 2027) | Update contracts to reflect this new deadline; ensure cash flow planning accommodates longer wait times |
| **Product codes impacted** | Narrower range or shorter term | Extended to more product codes under export security rules | Check whether your products fall under the listed codes; seek clarification from customs or tax advisors if unclear |
| **Regulatory compliance** | Old deadline applied | New deadline applies from July 1, 2026 | Align your documentation, foreign exchange supervision reporting, and contracts accordingly |
## Examples
- A grain exporter in Lviv exporting wheat (code 1001) now has **150 days after shipment** to settle payments—rather than 120 days—if the transaction occurred after July 1, 2026.
- A seller of sunflower seeds (code 1206 00) must adjust their foreign exchange reporting system to accommodate the longer deadline, ensuring they meet any reserve and supervision requirements.
## Strategic Benefits & Risks
**Pros:**
- Improved liquidity for exporters—more time to settle international invoices.
- Greater planning flexibility, especially for agricultural businesses affected by seasonality or supply chain delays.
**Risks:**
- Longer exposure to foreign exchange fluctuations.
- Potentially more pressure on receivables management if buyers delay payments further.
- Risk of non-compliance with foreign exchange supervision if reporting isn’t updated.
## Key Takeaways for Exporters
1. **Review all ongoing and upcoming export contracts** to ensure settlement terms align with 150-day period when applicable.
2. **Audit internal systems** for foreign exchange supervision and cash flow forecasting.
3. **Consult with legal/tax advisors** to ensure product codes are correctly classified under the listed codes to avoid missed benefits or unintentional non-compliance.
4. **Stay alert to future updates**, especially as the extended period ends 31 August 2027 and default may revert back to 120 days.
By staying informed and adapting operations proactively, exporters can harness this extension to support smoother international trade through turbulence.