Prospects of recovery of efficient functioning of coal industry in the east of Ukraine

Abstract

Purpose. To find out opportunities and prospects of coal industry recovery at the controlled territories of Donetsk and Luhansk regions in the modern economic and political conditions. To determine the role of this industry in the recovery of the economies of Eastern regions of Ukraine. Methodology. The goal has been realized based on the application of the following methods: generalization and systemic analysis using complex and interdisciplinary approaches – when external and domestic factors, that form the opportunities, risks and threats of coal industry’s functioning in the modern conditions were determined; SWOT analysis – when strengths and weaknesses of coal industry functioning at the controlled territories of Donetsk and Luhansk regions in the new economic and political conditions were estimated. Findings. Strengths and weaknesses of coal industry of the controlled territories of Donetsk and Luhansk regions have been estimated, the opportunities and threats of its functioning have been determined, the prospects of the coal industry of these regions in the new economic and political conditions have been found out. Originality. Consists of the determination of capacity and prospects of coal industry of Donetsk and Luhansk regions’ recovery in the new economic and political conditions, characterized by the losses of the part of the potentials of Eastern regions and Ukraine’s integration into the European energy space. Practical value. The results of the study can be used by Government institutions in order to form and to realize the concepts, strategies, programs and action plans of the recovery of economy of Eastern regions of Ukraine in the conditions of changing economic, industrial and natural potentials of Donetsk and Luhansk regions.