ASSESSMENT OF UKRAINE’S FINANCIAL SECURITY LEVEL

Abstract

Financial security represents a pivotal aspect of a country’s national security. Situated at the heart of a complex geopolitical landscape, Ukraine is compelled to continually evaluate its financial health and uphold the resilience of its financial system amidst threats. The ongoing military conflict presents Ukraine with multifaceted challenges in maintaining financial stability and security. Consequently, conducting thorough research and assessment of financial security levels has emerged as a crucial undertaking for government agencies, experts, and the general populace.
This study aims to scrutinize Ukraine’s financial security from 2018 to 2022. To achieve this objective, we analyzed various indicators, including those related to banking security, the security of the non-banking financial market, debt security, budgetary security, currency stability, and monetary security. From these metrics, an aggregate financial security index was derived.
The outbreak of the full-scale invasion in 2022 significantly impacted budgetary security, marking the most pronounced decline among the evaluated indicators. Conversely, the domains of banking security and the non-banking financial sector demonstrated relative resilience.