Foreign economic activity of ukraine under martial law

Ganna Iefimova and Oleksandr Poberezhets
Additional contact information
Ganna Iefimova: Admiral Makarov National University of Shipbuilding
Oleksandr Poberezhets: Admiral Makarov National University of Shipbuilding

Economic Synergy, 2024, issue 2, 63-84

Abstract: The goal is an in-depth study of Ukraine's foreign economic activity under martial law. The article examines the negative impact of the armed aggression of the russian federation on the economy of Ukraine, in particular, on foreign economic activity. It is noted that the devastating impact of the war has led to significant humanitarian needs. Civilian infrastructure has been targeted, thousands of civilians have been killed or injured, livelihoods have been disrupted, and prolonged displacement has become a reality for millions. Measures to stabilize the economic state of the state are highlighted. Attention is focused on the important role of the European Union in supporting the economy of Ukraine in the conditions of martial law. Namely, on the export of Ukrainian products to the EU without payment of import duties. However, it is important to emphasize that non-tariff barriers remain for Ukrainian goods. Changes in the geographical, export-import and commodity structure of foreign trade are considered. Its negative dynamics are analyzed. It was determined that due to the raw material-oriented and low-tech economy, measures to stabilize the economic situation were not effective. The imperfection of the raw material model of the economy, its lack of resistance to negative external factors, has been proven. Attention is focused on the chronic underinvestment of the economy of Ukraine. The fact of its dynamic, unprecedented decline makes this particularly relevant. The experience of developed countries in attracting foreign investments is analyzed. It was determined that the priority direction should be the attraction of direct, long-term investments in the construction of high-tech enterprises.

Keywords: martial law; foreign economic activity; export; import; balance; raw materials; economic model; refugees; investments; high-tech enterprises; production; infrastructure (search for similar items in EconPapers)
JEL-codes: F21 F23 F5 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://es.istu.edu.ua/EconomicSynergy/article/view/188/145 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bja:isteus:y:2024:i:2:p:63-84

DOI: 10.53920/ES-2024-2-5

Access Statistics for this article

More articles in Economic Synergy from Higher Educational Institution Academician Yuriy Bugay International Scientific & Technical University
Bibliographic data for series maintained by Anna Duchenko ().