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Managing foreign business operations in Ukraine in the context of war

Author

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  • Kostruba, Anatoliy

Abstract

The development of foreign businesses is crucial for any nation's prosperity as they bring in valuable investments, international expertise, job opportunities for citizens, tax revenue, and industry growth. However, after the start of Russia’s full-scale invasion of Ukraine in 2022, almost all foreign business operations within Ukraine were suspended; currently, businesses of every sort are in the process of resuming in the face of numerous challenges, including an unstable security situation, damaged infrastructure, disrupted supply chains, and highly unpredictable business conditions. The Ukrainian government lacks the strategic initiatives needed to substantially attract foreign business operations. The primary objective of this article is to examine Ukrainian legislation about foreign business endeavors, particularly focusing on the nuances of investment activities while also investigating the repercussions of military operations on foreign businesses. This article proposes the concept of e-residency as a means to entice foreigners into engaging in business activities within Ukraine, and explores other strategies aimed at attracting individuals from other countries to invest and participate in Ukraine’s business landscape.

Suggested Citation

  • Kostruba, Anatoliy, 2025. "Managing foreign business operations in Ukraine in the context of war," Business Horizons, Elsevier, vol. 68(1), pages 67-81.
    • Handle: RePEc:eee:bushor:v:68:y:2025:i:1:p:67-81
    DOI: 10.1016/j.bushor.2024.01.003
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