Cancellation of NBU Resolution #482

Good news from Ukraine for foreign investors.  The infamous anti-investment Resolution No. 482 of the Board of the National Bank of Ukraine "On Approval of the Regulations on the Procedure for Making Cash Investments into Ukraine and Returning Investments to Foreign Investors, as well as Repatriation of Profit, Income, and Other Funds Received from the Investment Activities in Ukraine" dated 14 October 2004 lost its effect as of 21 May 2005.  It was canceled by Resolution No. 154 of the Board of the National Bank of Ukraine dated 29 April 2005, registered with the Ministry of Justice of Ukraine on 11 May 2005 (reg. No. 490/10770), effective on 21 May 2005.