The National Bank of Ukraine published closing remarks by Deputy Governor Sergiy Nikolaychuk from the ninth Annual Research Conference co-hosted with Narodowy Bank Polski, setting out how the NBU is supporting Ukraine’s EU accession agenda amid a more fragmented global environment. He reiterated that the equivalence of Ukraine’s banking regulation with European standards exceeds 75% and that Ukraine’s negotiating positions on clusters 1, 2 and 6 have been approved and sent to European counterparts. The remarks framed integration as a practical policy and institutional task, including links between economic policy and security considerations, and referenced comments by ECB President Christine Lagarde, Bank of England Governor Andrew Bailey and others on resilience, central bank accountability, and the need for structural reforms, prudent macroeconomic management, public support and broad-based central bank communication. Conference discussions covered capital markets union, the single market and the defence-industrial ecosystem, as well as sanctions policy and the need for an effective legal mechanism to use frozen Russian assets in Ukraine’s recovery. Nikolaychuk also pointed to academic contributions, including Professor Kenneth Rogoff’s discussion of weakening US dollar dominance since 2015 and the prospect of multiple competing reserve currencies.
National Bank of Ukraine 2025-06-20
National Bank of Ukraine highlights over 75% EU-equivalent banking regulation and submitted negotiation positions for clusters 1, 2 and 6
Deputy Governor Sergiy Nikolaychuk of the National Bank of Ukraine highlighted Ukraine's progress towards EU accession, noting over 75% equivalence with European banking standards. At the Annual Research Conference, he emphasized integration as a policy task, linking economic policy with security, and discussed capital markets, sanctions policy, and the use of frozen Russian assets. Academic insights included Professor Kenneth Rogoff's analysis of the weakening US dollar dominance and potential for multiple reserve currencies.