This article substantiates the impact of the crisis situation on the actualization and development of personal resources and coping with a difficult life situation. Using the example of students living in a local military conflict zone, it is shown that value-semantic resources (psychological resources of stability) in a crisis situation can transform and manifest themselves at the level of reducing the level of meaningfulness of life, value basis and existential fulfillment of life, reducing the degree of emotional response to current events. A crisis situation for a person, on the one hand, can become a source of disintegration in the perception of events of the past, present and future; loss of meaningfulness of life and devaluation of past experience; on the other hand, it can result in subjective well–being if a person works with a psychoemotional state (that includes working with fear and anxiety; perception of a difficult life situation as a challenge and finding new ones personal meanings); works with goals (building an image of the future in the short term), and if a person is rethinking and updating new personal meanings. According to the results of our research, goal-setting and building an image of the future are interrelated with the ability of the subject to be more open to emotional experiences, to show willingness to work with negative emotions (the “Self-Transcendence” scale); to actualize his personal potential (the “Personality” scale). The following empirical methods were used: Test of life-meaning orientations. SJO (J. Crumbo, L. Maholik in adaptation by D. A. Leontyev); Test of research into the real structure of a person’s value orientations (S.S. Bubnova); Methodology for diagnosing the subjective well-being of an individual (Shamionov R.M., Beskova T.V.); «The scale of existence» (Existenzskala) by A. Langle and K. Orgler (adapted by I. N. Mainina and A. Yu. Vasanov).