Until December 31, the circulation of the hryvnia will be allowed during settlements. The budget law of the new constituent entities of the Russian Federation will apply to January 1, 2023
The monetary unit in the DNR and LNR, as well as in Kherson and Zaporizhzhya regions, will be the Russian ruble from 1 January 2023, while before that the Ukrainian hryvnya will be allowed to circulate there. This was reported by the press service of the State Duma committee on state-building and legislation.
“The monetary unit on the territories of the new subjects will be the ruble. Until December 31, 2022, the Ukrainian hryvnia will be allowed for cash and non-cash payments. The Bank of Russia will be granted the authority to set peculiarities of activities of credit and non-credit financial institutions,” the press service said.