National economy's development in the coordinates of sustainable development: on the issue of strategic state regulation under russian armed aggression

Abstract

russia's armed aggression has caused a deep socio-economic crisis and has far-reaching unpredictable consequences for the national economy. One of the key negative consequences of russia’s armed aggression is the threat to the sustainable development of the national economy. All aspects of sustainable development in Ukraine are affected: economic development, environmental protection, social and gender equality, etc. Under russian armed aggression, there is an urgent need for balanced and sound strategic state regulation, which is designed to ensure sustainable development in Ukraine in the short and long term. The aim of the paper is to determine the features of strategic state regulation under russia’s armed aggression in the development of the national economy in the coordinates of sustainable development. The paper considers Ukraine's progress in achieving the goals of sustainable development. The most problematic areas in terms of sustainable development goals are outlined with a focus on russia’s armed aggression as the major cause. An overview of the situation in the world in terms of the conflict level is performed, common features in the field of sustainable development in countries affected by armed aggression are highlighted. It is emphasized that the difficulties in achieving the goals of sustainable development are complex in nature. Sustainable development drivers are both of financial and non-financial nature. Four key factors that hinder the achievement of sustainable development goals at the present stage are considered: 1. Liquidity shortage globally; 2. Complicated access to debt financing; 3. The need for urgent financial measures; 4. The need to increase productivity and productive capacity. A description of the UNDP scenario on the development of the consequences of russian armed aggression in the field of poverty in Ukraine is given. The key areas of focus for a set of Government measures in the context of a large-scale socio-economic crisis have been identified. The importance of applying a coordinated and sound policy of the Government under Russian armed aggression was emphasized. Special attention is paid to the need to use a flexible approach in developing a set of measures for strategic governmental regulation to ensure sustainable development. The importance of applying digitalization achievements in the context of implementing support programs for citizens and businesses was emphasized.