Economy during the war

Since the beginning of Russia’s full-scale invasion, CES experts have issued a monthly overview of important trends and changes in the economy. On this page you will find information about how different sectors have changed as a result of the Russian invasion and what is happening to the economy now. This page also provides monthly overviews of the progress in reconstruction and recovery.

Research
Public Investment Watchdog. May 2026
1 June 2026
recovery
Economy during the war
May Economic Review in 2026. How can Ukraine effectively use €60 billion in EU defense aid?
21 May 2026
international support monthly economic reviews war economy
Research
Public Investment Watchdog. April 2026
Nataliia Kolesnichenko, Iana Okhrimenko, Maksym Samoiliuk, Oleksandra Khovrak
4 May 2026
recovery
Economy during the war
April Economic Review. How is the fuel crisis affecting the Ukrainian economy?
Maksym Samoiliuk, Nataliia Kolesnichenko, Oleksandra Myronenko, Oleksandra Khovrak
16 April 2026
monthly economic reviews trade
Research
Public Investment Watchdog. March 2026
Nataliia Kolesnichenko, Oleksandra Khovrak
30 March 2026
recovery
Economy during the war
March economic review in 2026. How to unleash bank lending to boost the Ukrainian economy?
Maksym Samoiliuk, Nataliia Kolesnichenko, Yeleazar Levchenko, Oleksandra Myronenko
19 March 2026
monetary policy monthly economic reviews war economy
Research
Public Investment Watchdog. February 2026
Nataliia Kolesnichenko, Oleksandra Khovrak
27 February 2026
recovery
Economy during the war
Economic review in February 2026. How do attacks on the energy system affect business activity?
Maksym Samoiliuk, Nataliia Kolesnichenko, Yeleazar Levchenko, Oleksandra Myronenko
17 February 2026
energy monthly economic reviews war economy
Research
Ukraine’s Economic Review: 2025
Nataliia Kolesnichenko, Yeleazar Levchenko, Oleksandra Myronenko, Maksym Samoiliuk
16 January 2026
monthly economic reviews war economy
Research
IFIs financing for Ukraine: how to make it faster and easier
Maria Repko, Maksym Samoiliuk, Andrii Akymenko
7 January 2026
war economy

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