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.

Economy during the war
Economic review in December 2025. Will Ukraine have enough money in the 2026 state budget?
Maksym Samoiliuk, Nataliia Kolesnichenko, Yeleazar Levchenko, Oleksandra Myronenko
22 December 2025
budget monthly economic reviews war economy
Research
Ukraine’s resilience at risk: how the EU can bridge the 2026 financing gap
18 December 2025
Research
Recovery spending watchdog №24. December monitoring
8 December 2025
recovery war economy
Research
Economic review in November 2025. How this year’s harvest will affect Ukraine’s economy?
Maksym Samoiliuk, Nataliia Kolesnichenko, Yeleazar Levchenko, Oleksandra Myronenko
20 November 2025
agricultural complex monthly economic reviews war economy
Research
The recovery spending watchdog №23: more than three years of Ukrainian recovery
7 November 2025
recovery war economy
Economy during the war
Economic review in October 2025. Will the EU dare to give Russian assets to Ukraine?
Hlib Vyshlinsky, Iana Okhrimenko, Yeleazar Levchenko, Oleksandra Myronenko, Maksym Samoiliuk
21 October 2025
monthly economic reviews russian assets war economy
Research
Expenditure control for Ukraine’s reconstruction №22: Review of the 2026 budget draft
26 September 2025
budget business and investment recovery
Economy during the war
Economic review in September 2025. Has the Ukrainian economy reached its limits?
Maksym Samoiliuk, Nataliia Kolesnichenko, Yeleazar Levchenko, Oleksandra Myronenko
18 September 2025
monthly economic reviews war economy
Research
The recovery spending watchdog №21. Legislative changes, investments, and construction reforms
19 August 2025
business and investment recovery
Economy during the war
Economic review in August 2025. How arms production is transforming Ukraine’s economy?
14 August 2025
monthly economic reviews war economy

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