Risk management in the conditions of war

Abstract

Ukraine is one of the richest in natural resources countries of the Eurasian region, has a favourable geographical and geopolitical position is a potential transit corridor for energy and commodity flows between the East and West. Ukraine is one of the leading countries in the world in terms of explored reserves of iron, manganese, titanium-zirconium ores, coal, graphite, kaolin, sulphur. However, according to the World Bank estimates, the Ukrainian economy, which is largely focused on the export of low value-added products, is not efficient enough and therefore, in terms of gross national income per capita, the country is included in the group of countries with lower middle-income. From the beginning of the war, active battles were fought in regions that generated up to 60% of GDP, which created negative consequences for the entire territory of the state. The Ukrainian economy lost almost 100 billion USD, according to forecasts of the National Bank of Ukraine, GDP may fall by 40–45% annually, the main share of which is traditionally created by the agricultural sector (approximately 35–40%), its importance in terms of the national economy has also been shown the above study.