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
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
Economy during the war
Economic review in July 2025. What is happening with the Ukrainian budget?
Maksym Samoiliuk, Yeleazar Levchenko, Oleksandra Myronenko, Bohdan Slutskyi, Mariia Tomilina
18 July 2025
budget monthly economic reviews war economy
Economy during the war
The recovery spending watchdog №20: From Thermal Modernization to DREAM
16 July 2025
recovery
Research
Economic review in June 2025. How has Russia’s invasion changed German-Ukrainian economic relations?
Volodymyr Landa, Maksym Samoiliuk, Yeleazar Levchenko, Oleksandra Myronenko, Bohdan Slutskyi, Mariia Tomilina
20 June 2025
international support monthly economic reviews war economy
Research
The recovery spending watchdog №19: Business recovery
5 June 2025
recovery
Research
Economic review in May 2025. What Awaits Ukraine’s IT Sector?
Yurii Gaidai, Volodymyr Landa, Maksym Samoiliuk, Mariia Tomilina
15 May 2025
monthly economic reviews war economy
Economy during the war
The recovery spending watchdog №18: Recovery progress and funding
13 May 2025
recovery
Economy during the war
Economic review in April 2025. Does Ukraine have enough gas?
Yurii Gaidai, Volodymyr Landa, Maksym Samoiliuk, Oleksandra Myronenko, Mariia Tomilina
29 April 2025
energy monthly economic reviews war economy
Research
The recovery spending watchdog №17. Reconstruction funds
4 April 2025
recovery

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