Foreign economic relations of Ukraine as a priority environment for the functioning of domestic business during the war

Анотація

The article examines the impact of Russia’s full-scale war against Ukraine on the country’s foreign economic relations with other states and on the foreign economic activities of business structures. A review of the approaches of some scientists to the content of the concept of “foreign economic activity”, as well as the definition of the essence of this economic category in the Law of Ukraine “On Foreign Economic Activity” was conducted. It was determined which types of activities constitute foreign economic activity. It is noted that at the macroeconomic level, foreign economic activity ensures the development of foreign economic relations between states, and in the context of the microeconomic level, foreign economic activity is aimed at the development of production integration and cooperation, export and import of goods and services, and is also associated with the entry of enterprises into the international market. The importance of a deeper study of Ukraine’s relations with the European Union and with EU member states as an important component of Ukraine’s foreign policy in ensuring the economic security of the state was emphasized. It was established that the military aggression in Ukraine led to the rejection of the level of economic development for several years, caused significant human losses, destroyed the infrastructure and supply chains of products, and also caused serious damage to production facilities, the volume and structure of Ukraine’s foreign economic operations underwent drastic changes with the beginning of the war, there was a high risk of Ukraine possibly losing its presence on international markets, in particular in the field of grain export. The structure of Ukraine’s foreign trade in goods in the first half of 2025 was analyzed. In comparison with the same period of 2024. It is noted: foreign economic activity during the war is characterized by significant restrictions, risks and changes in regulation affecting trade operations, investments and other types of interaction with foreign partners. The key aspects of foreign exchange during the war have been established: support of defense capability and critical infrastructure; ensuring food security; development of export potential; termination of ties with the aggressor country; financial support; regulatory changes. It is emphasized that one of the fundamentally important consequences of this war, especially for us Ukrainians, is the significant deepening of relations between Ukraine and the European Union, which is the beginning of a fundamentally new stage of their development, which should eventually lead our country to full membership in the EU.

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