Resilience of Ukraine: lessons from 2022

Сo-authors:

• Iryna Kosse, Senior Research Fellow, Institute for Economic Research and Policy Consulting
• Sergiy Sydorenko, Editor in Chief, European Pravda
• Oleksandr Kharchenko, Director, Center for Energy Research

In this study, experts from the Centre for Economic Strategy and invited experts investigated how Ukraine has held up in 2022 and what lessons we should remember for the coming year.

Resilience is a concept that came to the economic and social systems management not so long ago.

This is the result of the financial crises that have become more frequent due to the complexity of financial systems, global cataclysms that have become more frequent due to climate change, and the growth of the world population, which means that natural resources are scarce, plus each crisis affects a large number of people at the same time.

There are different levels of resilience, depending on the type of entity that is in crisis. These are micro (individual or household), meso (group or organization) and macro (national or inter-organizational level). The following report describes mainly the national and market level. But it is important to keep in mind that the levels are interconnected, as each subsequent level includes the previous one.

What kind of resilience measures should be implemented, what is the best way to organize this process – we have tried to answer these questions about the main sectors of the economy in the subsequent sections. Some of the advice is borrowed from international practice, some is not, but all of them take into account local specifics.

The research examines five topics: international support, the financial sector, fiscal policy, energy, logistics and exports.

The publication was issued within the framework of the Initiative for the Development of Analytical Centres in Ukraine, which is carried out by the International Renaissance Foundation with the financial support of the Embassy of Sweden in Ukraine. The opinions and positions expressed in this publication/infographic/video/ are the position of the author and do not necessarily reflect the position of the Embassy of Sweden in Ukraine and the International Renaissance Foundation.