Economic recovery of Ukraine in the context of termination of business regulation during martial law in the country

Анотація

The paper is devoted to the study of the peculiarities of the economic recovery of Ukraine in the context of business regulation during the state of martial law in the country; determination of the economic consequences of Russian aggression for Ukraine; analysis of the effectiveness and efficiency of the new Marshall Plan, which is being developed specifically for the economic recovery of the state and the role of partner states in the further economic support of Ukraine. For the first time, the stages that must be applied by Ukraine and the partner states for the recovery process have been analyzed. It is noted that a sequential approach with a gradual increase in activity should be used for the recovery process, which should have four stages: aid, reconstruction, modernization and accession to the EU. The amount of investment needed to rebuild Ukraine is still unclear due to the continuation of the war. According to preliminary estimates, the cost of restoring the damaged Ukrainian infrastructure is more than 100 billion dollars. Aid should include emergency relief and basic rehabilitation as the war continues. Reconstruction will involve a rapid response to the destruction caused by war after a ceasefire or settlement, focusing on infrastructure and mobilizing market mechanisms. The conclusions indicate that in the long term, flexible macroeconomic management will remain important for managing the reconstruction and maintaining the competitiveness of the economy. The development of a more effective taxation system will contribute to the stability of public finances. In the short term, maintaining macroeconomic stability in the face of ongoing war and pressures related to the country’s defense will strengthen Ukraine’s defenses and provide a solid foundation for recovery.

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