Actualization of Payments for Foreign Economic Operations in the Context of Eurointegration

Abstract

The legislative and regulatory framework of currency regulation and the main vectors for effecting settlements on currency transactions at the stage of Ukraine’s integration into the EU are examined. The state bodies of regulation of foreign economic activity in Ukraine and their main powers for ensuring the effectiveness of the activities of economic entities are considered. The main ways of increasing the potential of foreign economic activity regarding currency regulation in Ukraine with the purpose of creating favorable conditions for the protection of subjects of foreign economic activity are defined. The expediency of liberalization in the system of currency regulation and control is justified. It is pointed out that the documentary provision of currency settlements is inadequate. The order of application of penal sanctions for infringement of the currency legislation is defined.

Keywords

• foreign economic activity
• foreign exchange operations
• foreign exchange control
• foreign investment
• liberalization of foreign exchange regulation