International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Analysing the Economic Impact of the War with Russia on Ukraine’s Economy, Challenges and Path Forward

Author(s) Aryan Khandeparkar
Country India
Abstract The ongoing conflict in Ukraine has wrought devastation on the nation’s economy, presenting a unique challenge for its recovery and long-term development. Years of warfare have left a trail of destruction, from decimated infrastructure and shuttered industries to the displacement of millions of citizens. The conflict has not only strained Ukraine’s financial systems but has also undermined investor confidence, eroded institutional capacity, and disrupted the economic lifeline of its people. As the nation looks toward a post-conflict future, rebuilding the economy is a monumental task that requires addressing a spectrum of interrelated challenges, ranging from immediate humanitarian needs to long-term structural reforms. This research paper delves into the intricate and multifaceted process of rebuilding Ukraine’s economy, exploring both the immediate and strategic interventions necessary to secure sustainable growth.

Beyond the horrible loss of life, the battle has a significant economic cost. For a nation already facing pre-existing economic vulnerabilities, the problems have been made worse by the loss of industrial output, disruptions in commerce, and the depletion of human capital. Furthermore, the presence of systemic corruption and political instability creates serious obstacles to the efficient mobilisation of resources and the execution of changes. Ukraine is at a turning point in its history, with the chance to change its economic structure through calculated foreign investments and alliances. The international world has promised significant support for Ukraine's rehabilitation, acknowledging its geopolitical and humanitarian importance.

This paper seeks to provide a comprehensive analysis of Ukraine’s economic recovery process, focusing on the key objectives that drive post-conflict reconstruction efforts. This study intends to offer workable solutions for sustainable growth by assessing the degree of economic harm, identifying significant recovery barriers, and assessing the contribution of foreign assistance. With a focus on green energy, technology, and agricultural innovation, the post-conflict era offers Ukraine a unique chance to modernise its economy and build a strong, inclusive economic base. As a result, this study offers policymakers, investors, and other foreign stakeholders who are dedicated to reviving Ukraine's economy after the war both analytical and prescriptive guidance.
Keywords Russia Ukraine conflict
Field Business Administration
Published In Volume 6, Issue 6, November-December 2024
Published On 2024-12-22
DOI https://doi.org/10.36948/ijfmr.2024.v06i06.33623
Short DOI https://doi.org/g8w2xt
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E-ISSN 2582-2160
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