STRATEGIC PRIORITIES FOR THE DEVELOPMENT OF UKRAINE'S ECONOMY IN WARTIME CONDITIONS: A RESPONSE TO MODERN CHALLENGES

Abstract

Russian aggression has caused unprecedented humanitarian and social losses in Ukraine and serious destruction of infrastructure on the territory of hostilities, disorganization of established industrial relations and critical supplies of raw materials, and partial loss of foreign sales markets and export potential. Therefore, today our country faces the task of transitioning to a war economy, which is one of the most important prerequisites for victory in this war. The purpose of our article is to study the strategic priorities of the development of the economy of Ukraine in wartime conditions and study the answers to modern challenges. The object of research is the strategic priorities of the development of the economy of Ukraine in wartime conditions. The subject of research is the modern challenges that Ukraine faced in the context of the military conflict. The study focused on examining the present economic situation in Ukraine and providing a rationale for the key approaches and measures required to restore the national economy during a state of martial law. The primary objectives of the economy under martial law were identified as supporting the armed forces and ensuring the smooth functioning of the civilian sectors. It was concluded that the formulation of economic policies during martial law necessitates ongoing adjustments to the economic management system in order to enhance its effectiveness. This can be achieved through con-tinuous monitoring of the economic situation, which is crucial for making prompt management decisions in such challenging circumstances. The main conclusion from the research is that Ukraine can restore its economy and achieve sustainable development during wartime by implementing strategic priorities for economic development.