Challenges of the Russian-Ukrainian War for Regional Development Strategy

Abstract

The author identified the main problems and challenges of regional development that occurred in Ukraine due to the full-scale invasion of the Russian Federation. The theoretical, methodological and practical aspects of the institutional support for the modernization of the productive forces of the region and the main aspects of the post-war reconstruction of the regional space are indicated. Today, the Ukrainian economy is experiencing an unprecedented shock in history. The massive military invasion of the northern neighbors dealt a heavy blow to all links of the economic system of our country. The production of the main types of products has decreased, in particular those that constitute the export potential of Ukraine. In addition, the ports are blockaded, making them the largest share of foreign trade. The transport and logistics, social, marketing and engineering infrastructure of the entire region is collapsing. Labor outflow and partial displacement temporarily displace hundreds of thousands or even millions of people from active economic life. The development of Ukraine depends on various factors, but the key ones are the sovereignty of the territory, the size and structure of the population, the presence and power of the national economy, and the infrastructure connecting the countries. Based on an objective analysis of the situation, determination of internal strengths and limitations, taking into account possible external risks/threats, the competent authorities of the country formulate and implement policies. Therefore, the development of a new regional development policy requires a comprehensive analysis and assessment of the current situation related to the war and the situation in Ukraine as a whole, regions and territorial communities. Military victory is very difficult, and sustained post-war growth is virtually impossible without a stable economy. Thus, today the domestic economy is increasingly becoming one of the priority fronts that determine the further course of military operations and their ability to successfully rebuild after the end. Ukraine's post-war economic boom is possible only if the country's economic policy measures are implemented in accordance with a clear and consistent strategy aimed at deregulation of the economy and creation of a favorable investment environment.