Sustainable development scenarios: assessment of risks related to Ukraine's economic security

Authors

  • Vitaliy Polovenko National University of Defense of Ukraine, Kyiv, Ukraine Author
  • Oleksandr Ostapenko Taras Shevchenko National University of Kyiv, Kyiv, Ukraine Author

DOI:

https://doi.org/10.17721/1728-2217.2025.64.38-43

Keywords:

economic security; industrial security; financial security; foreign economic security; investment and innovation security; social security; food security; risks; forecasts

Abstract

Background. Despite significant progress in the study of Ukraine's macroeconomic, industrial, financial, foreign economic, investment and innovation, social, and food security, a number of aspects of the overall problem remain insufficiently addressed or require additional attention in the context of current challenges caused by war and economic instability. Unresolved parts of the overall problem include labor shortages, insufficient support for the manufacturing industry, high import dependence, underfunding of science, overburdened social infrastructure, environmental threats, logistical constraints, and low trust in fiscal authorities. Addressing these challenges requires the development of targeted government programs, enhanced international cooperation, and private sector involvement to ensure Ukraine's sustainable recovery.

Methods. The study applies generalization and comparative analysis of the results of expert-analytical approaches, including forecasting, using institutional statistical sources.

Results. The article highlights the results of a comprehensive analysis of the state of Ukraine's economic, industrial, financial, foreign economic, investment and innovation, social, and food security in 2024, conducted considering current economic challenges impact. This analytical basis may further enable the development of a corresponding forward-looking projection for the period 2025–2027.

Conclusions. The article uses the results of expert-analytical approaches, including statistical data analysis, risk assessment, and forecasting of trends in the macroeconomic, industrial, financial, and other key dimensions of Ukraine's security architecture. A comparative analysis of major indicators was conducted, focusing on the transformation of challenges under wartime conditions. Special attention is devoted to the institutional and functional analysis of reforms based on recommendations of state and international organizations. These methods made it possible to outline strategic policy directions and develop scenarios for sustainable development in 2026–2027.

Downloads

Download data is not yet available.

References

Andrienko, D., Goryunov, D., Grudova, V., Markuts, Yu., Marshalok, T., Neiter, R., Piddubny, I., Studennikova, I., & Topolskov, D. (2025) Report on direct damage to infrastructure from destruction as a result of Russia's military aggression against Ukraine as of November 2024 [in Ukrainian]. https://kse.ua/wp-content/uploads/2025/02/KSE_Damages_Report-November/-2024-UA.pdf

Zhalilo, Ya. A. (2001). National Security Strategy of Ukraine in the Context of the Experience of the World Community. Satsanga [in Ukrainian].

Kovenya, T.V. (2024). Analytical Assessment of the Situation in the Chemical Industry of Ukraine and the Domestic Commodity Market of Chemical Products as of the 1st Quarter of 2024. State Enterprise "Cherkasy NDITEKHIM" [in Ukrainian]. http://www.nditekhim.com.ua/wp-content/uploads/2024/04/HPU_vyp.1_2024-01.04.05.pdf

Ierusalimov, V., Studennikova, I., Andrienko, D., & Markuts, Yu. (2023). Research: Analysis of mechanisms for supporting people in difficult life circumstances. Kyiv School of Economics [in Ukrainian]. https://kse.ua/wp-content/uploads/2023/05/MFV_Analiz-mehanizmiv-pidtrimki-SZHO.pdf

Ministry of Community and Territorial Development of Ukraine. (2024). Yuriy Lytvyn: In 2023, cargo turnover through the Danube ports reached a record high – over 29 million tons [in Ukrainian]. http://mtu.gov.ua/news/35124.html

Ministry of Finance of Ukraine. (2024). In the first two months of 2024, Japan is the largest donor of budgetary assistance to Ukraine: Serhiy Marchenko during a meeting with the Minister of Finance of Japan [in Ukrainian]. https://mof.gov.ua/uk/news/in_the_first_two_months_of_2024/_japan_was_the_largest_donor_of_budgetary_assistance_to_ukraine_sergii/_marchenko_during_a_meeting_with_the_minister_of_finance_of_japan-4449

Ministry of Finance. (2024a). Execution of the State Budget of Ukraine in 2024 [in Ukrainian]. https://index.minfin.com.ua/ua/finance/budget/gov/2024/

Ministry of Finance. (2024b). The investment climate in Ukraine has improved [in Ukrainian]. https://minfin.com.ua/ua/2024/11/05/139263393/

Ministry of Finance. (2025). Average prices for goods and services in January 2025 [in Ukrainian]. https://index.minfin.com.ua/ua/markets/product-/prices/2025-01/

National Bank of Ukraine. (2025). Inflation Report, January 2025 [in Ukrainian]. https://bank.gov.ua/ua/news/all/inflyatsiyniy-zvit-sichen-2025-roku

National Bank of Ukraine. (n. d.). Balance of Payments in 2024 [in Ukrainian]. https://bank.gov.ua/files/ES/State_y.pdf

Pyrozhkov, S. I., Maiboroda, O. M., Khamitov, N. V., Holovakha, S. S., Dembitsky, V. A., Smoliy, V. A., Skrypnyuk, O. V., & Stoetsky, S. V. (2022). National Resilience of Ukraine: Strategy for Responding to Challenges and Preempting Hybrid Threats: National Report [in Ukrainian]. https://ipiend.gov.ua/wp-content/uploads/2020/11/nats_dopovyd.pdf

RBC-Ukraine. (2023). Ukraine's Losses from the Blockade of the Western Borders Could Reach $1.5 Billion [in Ukrainian]. https://www.rbc.ua/rus/news/vtrati-ukrayini-vid-blokadi-zahidnih-kordoniv-1703055042.html

Reznikova, O. O. (2022). National Resilience in a Changing Security Environment. NISD [in Ukrainian].

Suspilne Rivne. (2023). Debts for the "Communal Service": How Much Do Ukrainians Owe and What Threats Can It Pose to the Housing and Utilities Sector [in Ukrainian]. https://suspilne.media/rivne/459527-borgi-za-komunalku/-skilki-vinni-ukrainci-i-cim-ce-moze-zagrozuvati-sferi-zkp/

Ukrinform. (2023). Over the year, the number of Ukrainians who consider their psychological state to be bad has increased by 11 % [in Ukrainian]. https://www.ukrinform.ua/rubric-society/3790758-za-rik-do-11-zrosla-kilkist-/ukrainciv-aki-vvazaut-svij-psihologicnij-stan-poganim-ekspertka.html

Government portal. (2024). In 2023, entrepreneurs received 13,658 loans for 44.7 billion hryvnias under state guarantees on a portfolio basis [in Ukrainian]. https://www.kmu.gov.ua/news/minfin-u-2023-rotsi-za-derzhavnymy/-harantiiamy-na-portfelnii-osnovi-pidpryiemtsi-otrymaly-13-658-kredytiv-na-/447-mlrd-hryven

Shevchenko, L. S., Hrytsenko, O. A., & Makuha, S. M. (2009). Economic security of the state: Essence and directions of formation. Law [in Ukrainian]

European Business Association. (2025). Research [in Ukrainian]. https://eba.com.ua/research/doslidzhennya-ta-analityka

FAO. (2022). Ukraine: Impact of the war on agriculture and rural livelihoods in Ukraine. https://openknowledge.fao.org/handle/20.500.14283/cc3311en

International Monetary Fund. (2024). Ukraine: Third Review of the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Ukraine. https://www.imf.org/en/Publications/CR/Issues/2024/03/22/Ukraine-Third-Review-Under-the-Extended-Arrangement/-Under-the-Extended-Fund-Facility-546741

IOM un Migration. (2023). Ukraine–Returns Report–General Population Survey Round 14. https://dtm.iom.int/reports/ukraine-returns-report-general-/population-survey-round-14-september-october-2023

World Bank Group (n. d). Ukraine – Third Rapid Damage and Needs Assessment (RDNA3): February 2022 – December 2023. https://documents.worldbank.org/en/publication/documents-reports/document/detail/099021324115085807

Published

2025-12-29

Issue

Section

Finance

How to Cite

Polovenko, V., & Ostapenko, O. (2025). Sustainable development scenarios: assessment of risks related to Ukraine’s economic security. Bulletin of Taras Shevchenko National University of Kyiv. Military-Special Sciences, 4(64), 38-43. https://doi.org/10.17721/1728-2217.2025.64.38-43