Until 1 January exporters can settle overdue receivables without penalties: Decree No. UP-176

Presidential Decree No. UP-176 of 27 August 2026 announced a one-off campaign to reduce overdue receivables under foreign trade operations. It runs until 1 January 2027.

The mechanics: an enterprise uses its own funds to repay debt under export contracts that arose before 28 August 2026 and is listed as overdue in the E-kontrakt system. The currency is deposited through the bank's cash desk, after which the overdue amount in the system automatically decreases and the accrued penalties are written off.

The campaign does not extend to enterprises with a state share of 50% or more.

From 1 January 2027 a permanent rule also takes effect: the fine for non-repatriation of currency proceeds can be halved if the enterprise proves it took good-faith recovery measures, returned more than 50% of the debt, or cannot repatriate the funds because of international sanctions.

What this means in practice: if your company has overdue export receivables on its books, there are four months to close them without penalties — after the New Year this opportunity will be gone.

Photo: Trougnouf, Wikimedia Commons (CC BY 4.0)