Today the world is steadily moving to international globalization through constant economic, political, cultural and legal integration. Interdependence and interconnections between countries and as a result between business entities lead to necessity in establishing relations with legal persons and individuals.
Public finance plays a strategic role in functioning of financial sector and economy at all, developing of regions and supporting of entrepreneurship. In its turn these branches reflect a basis of economic and social development of Ukraine. Efficiency of public finance management is of a great role for providing stability of budget system as well as general financial safety and economic growth.
Under Resolution No.49 of the National Bank of Ukraine, dated 6 February 2014 (the "Financial Crisis Resolution"), which came into effect on 7 February 2014, Ukrainian residents shall not be allowed to purchase foreign currency in order to prematurely fulfill their obligations under the loan agreements with foreign lenders (the "Currency Purchase Prohibition").