Abstract
Modernization of the management system of water use of Ukraine depends on an adequate analysis of the real situation, calibration of the influence of factors and risks, and especially a multi-faceted, comprehensive understanding of the interrelationships and interdependence of various components of the economy, ecology, law, economic activity, administration, which are united tangentially to the water sphere. 
 Only such an approach is capable of forming a vision of the necessary components of an effective water use policy and preparation of viable action algorithms. 
 In Ukraine, the processes of implementation of international and European standards in the field of ecology, monitoring procedures are ongoing, an agreed national model of water use is being formed, taking into account both ecological and economic principles; constructions of optimal management in the water sphere are being developed. The above aspects focus on achieving a balance between water needs and water conservation and protection.
 Key words: water policy, water use sectors, vulnerability, modernization.
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