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Current trends and problems of foreign economic activities of enterprises in the context of a military state

Author

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  • Anatolii Shuhalii

    (Private Higher Education Establishment «European University»)

Abstract

The war that Russia started against Ukraine more than a year ago, which is the largest in scale since World War II, continues in Ukraine. Starting from February 24, 2022, martial law has been introduced in Ukraine. In connection with this, Ukraine has faced a number of issues that require careful study, immediate operational resolution, and state regulation. The foreign economic activity of enterprises under conditions of martial law has a certain specificity. Throughout the full-scale war, the country's economy has suffered enormous losses, which continue to accumulate. A detailed analysis of the current situation and the factors that affect it plays a significant role in stabilizing and restoring the economy, and based on the conclusions drawn, prompt state regulation of foreign economic activity is essential to ensure national security. State regulation of foreign economic activity is aimed at protecting Ukraine's economic interests, as well as the rights and legitimate interests of foreign economic activity entities. Currently, foreign economic activity should ensure national security without exaggeration. In modern conditions, when some budget-forming enterprises of the state are destroyed or damaged, part of the territory is occupied, and another is constantly shelled in the combat zone, international logistics routes for export and import of goods and logistics centers for supply and storage of goods are disrupted, the energy system is experiencing unprecedented destruction, some international transport corridors are closed, and others work with significant overload, state regulation of foreign economic activity of enterprises is of great importance. At the same time, it is important to create favorable conditions for enterprises operating in conditions of combat and restrictions. State regulation of foreign economic activity should provide their protection and support, including by reducing bureaucratic obstacles, accelerating customs clearance procedures, and simplifying rules for the export and import of goods. These measures will help enterprises maintain competitiveness in crisis conditions and strengthen their positions in the international market.

Suggested Citation

  • Anatolii Shuhalii, 2023. "Current trends and problems of foreign economic activities of enterprises in the context of a military state," University Economic Bulletin, Hryhorii Skovoroda University in Pereiaslav, Faculty of Financial, Economic and Vocational Education, issue 56, pages 65-76, March.
  • Handle: RePEc:aff:colart:y:2023:i:56:p:65-76
    DOI: https://doi.org/10.31470/2306-546X-2023-56-65-76
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