On the question of financial support for business during the war (Ukrainian case)

Keywords: Ukraine, financial support, business, military invasion, innovative and sustainable development.


The military invasion of Ukraine is accompanied by the infrastructure destruction, territories occupation, forced migration, a catastrophic drop in GDP, high inflation rates etc. Domestic business is one of the most important sources of tax revenues for the state budget, and therefore the question of its support during martial law is relevant and timely. The purpose of the article is to study the impact of the Russian invasion of Ukraine on the domestic economy, in particular, to determine the consequences for business entities and to assess the measures and volumes of financial support for businesses during the war, as well as to determine the priority directions for further financing of businesses. The scientific methods used: analysis, synthesis, graphic and statistical methods, the method of establishing cause-and-effect relationships. As a result of the research, the current state of the Ukrainian economy was determined and areas of support for businesses were considered. The novelty of the research is the proposal of priority directions for financing of businesses in wartime conditions, in particular financing of innovative and sustainable development. The practical results of the study can be used by businesses and the government to determine the main directions of adaptation to military conditions.


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Author Biographies

Volodymyr Shaleny, Odesa national university of technology, city of Odessa, Ukraine.

Candidate of economic sciences, associate professor department of business management, Odesa national university of technology, city of Odessa, Ukraine.

Nataliia Shtefan, National Technical University “Dnipro Polytechnic”, Ukraine.

PhD in Economics, Associate Professor Department of Economic Analysis and Finance Faculty of Finance and Economics National Technical University “Dnipro Polytechnic”, Ukraine.

Olena Krylova, National Technical University “Dnipro Polytechnic”, Dnipro, Ukraine.

PhD in Economics Associate Professor Department of Economic Analysis and Finance Faculty of Finance and Economics National Technical University “Dnipro Polytechnic”, Dnipro, Ukraine.

Viktoriia Myronchuk, West Ukrainian National University, Ukraine.

Candidate of Economic Sciences (Ph. D.), Associate Professor at the Department of Banking Finance and Insurance West Ukrainian National University, Vinnytsia Educational and Research Institute of Economics, Ukraine.

Iryna Tsurkan, National Technical University “Dnipro Polytechnic”, Dnipro, Ukraine.

PhD in Economics, Associate Professor of the Department of Economic Analysis and Finance, Faculty of Finance and Economics National Technical University “Dnipro Polytechnic”, Dnipro, Ukraine.


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How to Cite
Shaleny, V., Shtefan, N., Krylova, O., Myronchuk, V., & Tsurkan, I. (2022). On the question of financial support for business during the war (Ukrainian case). Amazonia Investiga, 11(54), 232-242. https://doi.org/10.34069/AI/2022.54.06.22