This seems to state All but local currencies are prohibited. I have first hand knowledge from 2014-2016, 2020 during covid, as well as after the war, that USD and EUR is commonly used by both people and businesses. And Banks. In fact, when I wire cash every couple of months to my friends stuck there, they prefer it in dollars.
So this statement is extremely confusing because it completely contradicts reality and official bank operation there.
BTW, after the 2014 war started, I visited both Kiev and Moscow quite a bit. RUB folded 3x almost overnight after Obama's sanctions. Most well-off people and the businesses they visit, simply switched to dollars. This did not happen in Ukraine because no one had dollars. What happened instead is the many Ukranians who took out bank loans in dollars, had their lives destroyed.
So this statement is extremely confusing because it completely contradicts reality and official bank operation there.
BTW, after the 2014 war started, I visited both Kiev and Moscow quite a bit. RUB folded 3x almost overnight after Obama's sanctions. Most well-off people and the businesses they visit, simply switched to dollars. This did not happen in Ukraine because no one had dollars. What happened instead is the many Ukranians who took out bank loans in dollars, had their lives destroyed.