Denys Kostrzhevskyi: Doing Business in Ukraine under Conditions of War

In the context of economic instability and aggression on the part of the Russian Federation, doing business in Ukraine is becoming an increasingly challenging task, says Denys Kostrzhevskyi.

However, despite all the difficulties, there are opportunities to support and develop entrepreneurial activity. The state, the business community, and international partners can do a lot to ensure the stability of the Ukrainian economy.

In his opinion, comprehensive preventers should be working on the part of the state in such extreme circumstances. This should create the most favourable conditions for business development and interest on the part of investors.

These could be tax breaks and government guarantees, as well as grants and loans with low interest rates. At the same time, it should guarantee full protection from the arbitrariness of the security forces and illegal decisions of the courts.

According to him, Ukraine also relies on support from international partners—financial assistance, investment, technical assistance for reforming the legal system and law enforcement agencies.

He also noted that in the extreme conditions of economic instability caused by the war, the Ukrainian state and international partners should work together to support domestic business and ensure the stability and ability of Ukraine to resist the aggressor.