Economics and Business Management

Review of the problems of the agro-industrial complex of Ukraine in connection with Russia's military aggression

O. Storozhenko
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Abstract

The war in Ukraine, unleashed by the aggressor state, has resulted in the loss of a significant portion of Ukrainian production, exports, raw materials, and food potential, creating substantial risks of prolonged economic instability, including threats to global food security. The purpose of this study was to analyse the impact of russian military aggression on Ukraine’s agricultural sector, particularly focusing on the economic challenges that have arisen in this field. Additionally, it examined the new circumstances and opportunities for the recovery and adaptation of agricultural producers in the post‑war period. To achieve this aim, the following methods were employed: scientific generalisation, analysis and synthesis, forecasting, and scientific extrapolation. The literature review identified publications forming three thematic clusters. Analysis of the first cluster revealed that before the war, Ukraine, alongside russia, ranked among the top ten global producers and exporters of agricultural products. In this context, foreign researchers expressed concerns regarding the potential threat to global food security. Analysis of the second cluster indicated that during the post-war years, Ukraine’s export potential in the agricultural sector was reduced to a manageable level due to the Grain Agreement and the reorientation of agricultural product flows towards land routes on Ukraine’s western border. The third cluster highlighted that the stability of Ukraine’s agricultural sector will be severely disrupted if the war persists for an extended period. The practical significance of this article lies in its comprehensive analysis of the economic challenges faced by Ukraine’s agricultural sector, offering a foundation for devising effective strategies to support and restore this crucial sector during the war and in the post-war era

Keywords

agribusiness; industry; food market; global food security; food market; Google Scholar; ScienceDirect

Suggested citation
Storozhenko, O. (2024). Review of the problems of the agro-industrial complex of Ukraine in connection with Russia's military aggression. Economics and Business Management, 15(4), 21-31. https://doi.org/10.31548/economics/4.2024.21
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