Rubric: Economy

Annotation: The article analyzes theoretical approaches and practical aspects of the impact of sanctions as an instrument of international pressure on foreign policy processes and relations between states. The author examines the basic principles and history of the use of sanctions in international relations, as well as the effectiveness and risks of their application. The author also notes the potential impact of sanctions on the economy and population of the countries receiving them. The purpose of the article is to reveal the nature and objectives of international sanctions and to summarize the experience of applying sanctions against individual States. As a result of the study, it is established that today sanctions can be an effective instrument of international pressure and regulation of relations between states, but their application must be justified and agreed with the international community. The author notes that the use of sanctions should not harm the population and economy of the countries receiving them. The author considers the directions and priorities of application of international sanctions against the financial sector of the Russian Federation in view of the military aggression against Ukraine.

Annotation: The article is devoted to the research of the stages of evolution of the strategic partnership between Ukraine and the European Union. Particular attention is paid to the key characteristics of the stages of development of relations between Ukraine and the EU, starting with the Memorandum of Cooperation of 1994 and finishing with the Association Agreement, which was signed in 2014 and entered into force in 2017. The article focuses on describing the instruments and areas of partnership, in particular, the mechanisms of cooperation and support that ensure the development and deepening of cooperation between Ukraine and the EU. Of particular importance is the research of the Horizon 2020 Association Program, which aims to support scientific and technological research and innovation in Ukraine.

Annotation: The article examines the state and peculiarities of the functioning of the energy system of Ukraine in the modern day and their compliance with the development trends of the world and European energy industry. It was determined that the energy sector of developed countries, in particular the EU, is undergoing a transformation in the direction of decarbonization and increasing the share of renewable energy in meeting production and consumption needs. The priority areas of integration of the domestic energy system into the European space on the eve of the war with the Russian Federation have been identified. The main problems of the functioning of the energy system of Ukraine in the conditions of military aggression by the Russian Federation are revealed.

Annotation: The place and role of Ukraine in the global market of insurance services was studied and the main trends of its development were identified. The author identified that the market of insurance services is an important component of the global services market, which is characterized by such characteristics as: dynamism of growth, active competition at the level of states and insurance companies, a relatively stable composition of leading states. It is noted that Ukraine is not a significant market player, but at the same time it is consistently integrated into the global insurance space. The largest counterparties of domestic insurers in the field of insurance and reinsurance are the countries of the European Union. Despite the fact that the USA has a relatively small share in aggregate agreements with the participation of Ukrainian companies, the potential for partnership is significant. Based on the analysis of geospatial directions of cooperation, it was found that in the current political situation, the most promising markets are Western and Eastern Europe. The thesis that the war with the Russian Federation exerts a powerful destructive influence on the development of the insurance services market in Ukraine at the current stage has been revealed. With the beginning of the war, obtaining protection through the mechanisms of reinsurance against war risks, and therefore the conclusion of such insurance contracts, became absolutely impossible, since for Ukraine the war ceased to be a risk and became a reality. It has been proven that the state offers various approaches to the introduction of an effective mechanism of protection against such threats. The author proposed to change the approach of insurers to cover this risk, and therefore to review the terms of insurance products from the point of view of possible coverage of both the direct impact of war risks and the "secondary" consequences of war (i.e., the detonation of mines and other munitions). It was concluded that, in fact, such measures will become possible after the end of active hostilities. It was determined that the further scientific directions of the research may consist in determining and evaluating the macroeconomic effects and consequences of the transformation of the insurance services market, the activities of insurance and reinsurance operators both in the domestic and international markets in the war and post-war period. A separate study needs to take into account the peculiarities of adaptation to the latest conditions of insurance and reinsurance of individual business entities, industries and spheres of the national economy.