ECONOMIC SECURITY OF UKRAINE DURING MILITARY OPERATIONS: CHALLENGES AND WAYS OF COUNTERACTION

Abstract

The article focuses on analyzing the state of economic security of Ukraine during the military operations. It identifies key challenges directly impacting the country's economic security and explores potential ways to overcome them. 
 The analysis established that the current state of the economic system of Ukraine was formed under the influence of destructive external and internal challenges that pose threats to economic security. The challenges associated with the protracted war remain crucial for Ukraine.
 The article highlights the challenges that threaten the economic security of Ukraine's external security environment such as high dependence of the domestic economy on foreign borrowings, deteriorating financial conditions of the export-oriented production sector, and inadequate government responses to conflicts in political, economic and social realms. There are still threats to the amount and timing of external financing for the state budget, and logistical difficulties are a significant risk, which negatively affects export earnings and the economic security of the state.
 Internal threats include high level of corruption in public authorities; ineffective control over compliance with the law; inefficient use of state and local budgets; relatively high level of shadow economy.
 The author substantiates the priority directions and ways of counteracting the challenges and threats to Ukraine's economic security during military operations. Ensuring the economic security of the state in a military conflict requires flexibility, predictability, and an integrated approach that includes social, economic, and defense aspects of national security. Key priorities include ensuring food security, supporting crucial economic sectors, especially those important for defense and essential goods production, implementing policies for financial aid from international partners, transparent and effective use funds received from international partners, implementing a policy to increase defense spending