Abstract
The article discusses the rapprochement between Ukraine and the European Union in the context of escalating military conflict. Russia's invasion of Ukraine, which is completely unprovoked and unjustified, has caused terrible human suffering and mass destruction of cities and other communities. It is determined that the Russian invasion will have great consequences for the society and economic development of Europe and the world, especially after two years of the coronavirus pandemic. An analysis of the forecast of the International Monetary Fund on the topic of changes in world GDP in 2022–2023, which shows that economic growth in the European continent in 2022 will slow down sharply due to hostilities in Ukraine. The need of the Ukrainian government for significant financial support to ensure the support of its functions is substantiated. It was revealed that the EU provides comprehensive and short-term assistance to the Ukrainian people, takes measures to impose sanctions on the Russian economy, which have been classified in detail by areas of influence and consequences. It has been established that one of the main problems that will remain after the military conflict in Ukraine is the reconstruction of the affected country. At a time of war in Ukraine, talks on future reconstruction may seem premature, as the country cannot take measures to rebuild the destroyed infrastructure on a large scale, given the constant threat of missile and artillery strikes. However, EU governments, along with Ukraine itself, are already focusing on reconstruction planning. It is proposed to develop a draft recovery platform for Ukraine, in which the EU and its partners will play a key role by adding investment from various areas to a specially created recovery fund which will receive payments from the EU and European Bank for Reconstruction and Development budgets, member states' contributions, various credit and grant programs, public and private investments of interested investors, financial assistance from the G7 countries and other partners, especially from international financial institutions such as the International Monetary Fund or the World Bank. Investments by partners will help Ukraine build a new, much more stable and developed economy that will support the Ukrainian people on the difficult and long path of European integration.
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