Foreign trade relations of Ukraine AND China: current state and development prospects

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The war unleashed by Russia against Ukraine changed the world, caused many risks and threats, caused turbulent processes in the political, economic and security sectors, and the consequences of this war are now difficult to predict. Russian aggression has intensified conflicts in the modern world, worsening socio-economic conditions in the regions and around the world. In particular, the crisis in the food market, which led to an increase in the cost of energy resources, caused an increase in the price of consumer goods and, as a result, a significant impact on the level of well-being of the population of many countries around the world. At the same time, inflation has increased all over the world. Today, friendly relations between China and Ukraine are in a difficult state. If the Sino-Ukrainian trade and economic and other spheres of cooperation have developed rapidly over the past thirty years, there is hope that these countries will actively cooperate not only in the field of trade over the next thirty years. China and Ukraine are the two main economies of the world. Ukraine is one of the most important countries supporting the Belt and Road. In December 2013, it actively responded to China's proposed Belt and Road initiative and became the first country in Europe to express its support. Ukraine is an important country of the «Belt and Road» to Europe, as it is located in the eastern part of Europe, connecting Europe and Asia. Ukraine has always sought comprehensive, multifaceted cooperation with China. In recent years, the two countries have made significant progress in the areas of investment, infrastructure, agriculture, energy and high technology. Since 2019, Ukraine has had the largest trade partner with China. The political situation and the covid-19 pandemic have significantly affected trade between the two countries, causing trade to plummet and stagnate in some areas. Under the Belt and Road Initiative, the two countries can strengthen strategic coordination and optimize trade policies, increase cooperation in various fields, especially in hightech sectors, and comprehensively increase trade volumes. This essay examines the current state of Sino-Ukrainian economic and trade cooperation, examines its features, and examines the prospects for the future development of this cooperation in the light of current international circumstances.