Resilience of the EU and Ukraine economies in the conditions of russian aggression




resilience of the economy, development, European Union, shock effects, war.


The brutal and inexplicable military aggres­sion of Russia against Ukraine has caused the disruption of macroeconomic stability in our country. The war has led to immense human casualties and the loss of means of livelihood, placing a heavy burden on the economy and forcing millions of people to leave their homes. The longer the armed conflict is persisting, the more severe the consequences are becoming, not only for Ukraine but also for its partners, with the European Union being a key one. The functioning of the economy during wartime exacerbates the question of ensuring its resilience. The aim of this article is to identify macroeconomic shocks in the context of war, analyse the level of economic resilience in the EU and Ukraine, and justify directions for supporting the Ukrainian eco­nomy. General scientific methods were used, including theoretical generalization, comparative systemic analysis, systematization, statistical analysis, grouping, and scientific abstraction. In this research, the properties of economic resilience are described, specifically its capacity to avoid, withstand, and recover from the impact of shocks. Existing macroeconomic shocks of the war are identified, which have determined the trajectory of economic development for both Ukraine and the EU and influenced the level of resilience in their economies. Using approaches from the European Commission and the international company FM Global, the current level of economic resilience in the EU and Ukraine was determined. The war exhausts the resources of the national economy, making Ukraine incapable of independently and sufficiently mobilizing financial resources to counteract shock impacts. Conversely, the EU possesses significant resources, allowing it not only to maintain a sufficient level of economic resilience but also to assist Ukraine. Financial assistance from the EU remains a key source of ensuring the resilience of Ukraineʼs eco­nomy, enabling the implementation of measures to counter the current crisis and the shock impacts associated with it.

Author Biographies

Diana SHKUROPADSKA , State University of Trade and Economics

PhD (Economics), Senior Lecturer of the Department of Economics and Competition Policy

Larysa LEBEDEVA , State University of Trade and Economics

PhD (Economics), Associate Professor, Associate Professor of the Department
of Economics and Competition Policy

Tatyana OZHELEVSKAYA , State University of Trade and Economics

PhD (Economics), Associate Professor, Associate Professor of the Department
of Economics and Competition Policy


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How to Cite

SHKUROPADSKA , D., LEBEDEVA , L., & OZHELEVSKAYA , T. (2023). Resilience of the EU and Ukraine economies in the conditions of russian aggression. oreign rade: onomics, inance, aw, 130(5), 66–82.