DOI: 10.46340/eppd.2025.12.1.1
Oleksandr Vysotskyi, D.Sc. in Political Science
Oles Honchar Dnipro National University, Dnipro, Ukraine
Igor Polishchuk, D.Sc. in Political Science
Yaroslav Mudryi National Law University, Kharkiv, Ukraine
Dmytro Korotkov, PhD in Political Science
Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine
Zhanna Chevychalova, PhD in Law
Yaroslav Mudryi National Law University, Kharkiv, Ukraine
How to cite: Vysotskyi, O., Polishchuk, I., Korotkov, D., & Chevychalova, Zh. (2025). Ukrainian Economic Diplomacy during the Full-Scale Russian Aggression. Evropský politický a právní diskurz, 12, 1, 5-12. https://doi.org/10.46340/eppd.2025.12.1.1
Abstract
This study examines the pivotal role of economic diplomacy in Ukraine’s survival and resistance during the full-scale Russian aggression that began in February 2022. Amid a dire economic and financial situation, Ukraine faced an existential challenge, defending itself against a significantly stronger and more resourceful aggressor. Economic diplomacy emerged as a critical strategy to counterbalance Russia’s advantages, leveraging global economic and political mechanisms to sustain Ukraine’s defense and resilience. The study aims to elucidate the essence, tools, and outcomes of Ukraine’s economic diplomacy during the first 18 months of the Russia-Ukraine war. It identifies and analyzes strategic directions of economic diplomacy, including securing military supplies, mobilizing financial aid, imposing sanctions on the aggressor, facilitating humanitarian assistance, reducing trade barriers, and fostering post-war recovery frameworks. The research also highlights the leadership of President Volodymyr Zelenskyy in uniting the global democratic community, utilizing innovative communication and value-driven appeals to galvanize international support. Methodologically, the study integrates a technological approach with systems analysis and case studies to uncover the interconnectedness of economic, political, and communication strategies. The authors reveal that Ukraine’s economic diplomacy achieved significant milestones, such as securing unprecedented levels of military and financial assistance, imposing comprehensive sanctions against Russia, and fostering a cohesive global response to aggression. The analysis underscores the existential nature of these efforts, demonstrating that economic diplomacy was not only a tool for survival but also a foundation for future reconstruction and stability. Furthermore, the research highlights the transformative role of Volodymyr Zelenskyy’s public diplomacy, which transcended traditional statecraft by cultivating trust and solidarity through direct appeals to global audiences. Ukraine’s economic diplomacy serves as a model of resilience and ingenuity, showcasing how nations can navigate profound crises through strategic coordination and international collaboration.
Keywords: economic diplomacy, wartime international relations, sanctions strategy, international communication, policy, Russia-Ukraine war, security.
References
Bayne, N., & Woolcock, S. (2017). What is Economic Diplomacy? The New Economic Diplomacy: Decision-Making and Negotiation in International Economic Relations. Abingdon, Oxon; New York, NY: Routledge.
Chatterjee, Ch. (2020). Economic Diplomacy and Foreign Policy-Making. London: Palgrave Macmillan.
Clark, J. (2023). Pentagon Announces $200M in Security Assistance for Ukraine. An Official Website of the United States Government. U.S. Department of Defense. https://www.defense.gov/News/News-Stories/Article/Article/3492273/pentagon-announces-200m-in-security-assistance-for-ukraine/
Danilyan, O., et al. (2022). Historical and Cultural-Mental Origins of Legal Consciousness of the Ukrainian People. Revista Notas Históricas y Geográficas [Historical and Geographical Notes Magazine], 28, 346-360. https://www.revistanotashistoricasygeograficas.cl/index.php/nhyg/issue/view/22
Danilyan, O., et al. (2024). Protection of Human Rights in Ukraine Under Martial Law. Revista Notas Históricas y Geográficas [Historical and Geographical Notes Magazine], 33, 464-487. https://www.revistanotashistoricasygeograficas.cl/index.php/nhyg/article/view/626/71
Danilyan, O., et al. (2023). Value Aspects of the Safe Existence of Social Systems in an Unstable World, Cogito, 15(4), 60-78. https://cogito.ucdc.ro/COGITO_DECEMBER_2023.pdf
European Commission (2022). Furtherance of Remedy and Reparation for Aggression against Ukraine. https://digitallibrary.un.org/record/3993657/files/A_ES-11_L.6-EN.pdf
European Commission (2023). EU Adopts 11th Package of Sanctions Against Russia for its Continued Illegal War against Ukraine. Press release. https://ec.europa.eu/commission/presscorner/detail/en/ip_23_3429
European Council (2022). Iran: EU Adopts Council Conclusions and Additional Restrictive Measures. https://www.consilium.europa.eu/en/press/press-releases/2022/12/12/iran-eu-adopts-council-conclusions-and-additional-restrictive-measures/
European Council (2023). Iran: EU Adopts New Restrictive Measures for Military Support to Syria and Russia’s War of Aggression Against Ukraine. https://www.consilium.europa.eu/en/press/press-releases/2023/07/20/iran-eu-adopts-new-restrictive-measures-for-military-support-to-syria-and-russia-s-war-of-aggression-against-ukraine/
Khylko, M., & Khylko, О. (2024). Navigating Global South’s Ambivalent Stance on Russia-Ukraine War. Evropský politický a právní diskurz [European Political and Law Discourse], 11(4), 5-15. https://doi.org/10.46340/eppd.2024.11.4.1
Lamy, A., et al. (2022). US Government Imposes Additional Financial Sanctions on Russia, Targeting Several Russian Banks and Russian Sovereign Debt. Global Sanctions and Export Controls Blog. https://sanctionsnews.bakermckenzie.com/us-government-imposes-additional-financial-sanctions-on-russia-targeting-several-russian-banks-and-russian-sovereign-debt/
Lysyk, V., & Shperun, K. (2024). UN Practice in Protecting Human Rights During Armed Conflicts. Evropský politický a právní diskurz [European Political and Law Discourse], 11(4), 16-26. https://doi.org/10.46340/eppd.2024.11.4.2
Neves, M. S. (2017). Economic Diplomacy, Geo-Economics and the External Strategy of Portugal. JANUS.NET
e-journal of International Relations , 8(1), 88-118. http://hdl.handle.net/11144/3035
Okano-Heijmans, M. (2013). Economic Diplomacy: Japan and the Balance of National Interests. Leiden-Boston: Martinus Nijhoff Publishers.
Olsen, K.B. (2022). The Geoeconomic Diplomacy of European Sanctions: Networked Practices and Sanctions Implementation. Leiden; Boston: Brill, Nijhoff.
President of Ukraine (2022). Joint Statement by the President of Ukraine, the President of the Republic of Lithuania, the President of the Republic of Poland on the Russian Federation’s Decision to Recognise the So-Called “DPR” and “LPR”. https://www.president.gov.ua/en/news/spilna-zayava-prezidenta-ukrayini-prezidenta-litovskoyi-resp-73077
Sayapin, S. (2014). The Crime of Aggression in International Criminal Law: Historical Development, Comparative Analysis and Present State. The Hague: T.M.C. Asser Press: Imprint: T.M.C. Asser Press.
The Kiel Institute for the World Economy (2023). Ukraine Support Tracker. A Database of Military, Financial and Humanitarian Aid to Ukraine. https://www.ifw-kiel.de/topics/war-against-ukraine/ukraine-support-tracker/
Trebesch, C., et al. (2023). The Ukraine Support Tracker. Kiel Working Paper, 2218.
https://www.ifw-kiel.de/fileadmin/Dateiverwaltung/Subject_Dossiers_Topics/Ukraine/Ukraine_Support_ Tracker/Dataset_Documentation.pdf
United Nations General Assembly (1974). Definition of Aggression. https://digitallibrary.un.org/record/190983/files/A_RES_3314%28XXIX%29-EN.pdf
United Nations General Assembly (2022). Aggression Against Ukraine: Resolution. https://digitallibrary.un.org/record/3965290/files/A_RES_ES-11_1-EN.pdf
Wayne, A. (2019). What is Economic Diplomacy and How Does it Work? The Foreign Service Journal, Jan-Feb., 23-27. https://afsa.org/what-economic-diplomacy-and-how-does-it-work
Woolcock, S. (2012). European Union Economic Diplomacy: the Role of the EU in External Economic Relations. Farnham; Burlington, VT: Ashgate.
World Bank Group (2023). Financing Mobilized for Ukraine since February 24, 2022. https://www.worldbank.org/en/country/ukraine/brief/world-bank-emergency-financing-package-for-ukraine
Yermak, A. (2022). Sanctions Against Russia should be Such as to Force it to End this Terrible War. 21 April 2022. President of Ukraine. https://www.president.gov.ua/en/news/andrij-yermak-sankciyi-proti-rosiyi-mayut-buti-takimi-sho-zm-74469
Zelenskyy, V. (2022a). Address by President of Ukraine Volodymyr Zelenskyy to the participants of the Group of Seven summit. President of Ukraine. https://www.president.gov.ua/en/news/zvernennya-prezidenta-ukrayini-volodimira-zelenskogo-do-ucha-73801
Zelenskyy, V. (2022b). Our Cooperation Brings the Victory of Ukraine Closer – Speech by President Volodymyr Zelenskyy at the Second Ministerial Roundtable Discussion for Support to Ukraine Under the Leadership
of the Ukrainian Government, the World Bank Group and the IMF. President of Ukraine. https://www.president.gov.ua/en/news/nasha-spivpracya-nablizhaye-peremogu-ukrayini-vistup-prezide-78445
Zelenskyy, V. (2022c). Russian Terror Must Lose, Ukraine and All of Europe Must Win – President Volodymyr Zelenskyy’s Address to the European Council. President of Ukraine. https://www.president.gov.ua/en/news/rosijskij-teror-maye-prograti-ukrayina-j-usya-yevropa-mayut-78613
Zelenskyy, V. (2022d). Address by the President of Ukraine. 24 February 2022. President of Ukraine. https://www.president.gov.ua/en/news/zvernennya-prezidenta-ukrayini-73137
Zelenskyy, V. (2022e). Speech by the President of Ukraine at the 58th Munich Security Conference. President of Ukraine. https://www.president.gov.ua/en/news/vistup-prezidenta-ukrayini-na-58-j-myunhenskij-konferenciyi-72997
Zelenskyy, V. (2022f). The World Must Show the Strength Needed to Put an End to the Aggressor’s Ability to Escalate – President During a Speech in the Australian Lowy Institute. President of Ukraine. https://www.president.gov.ua/en/news/svit-povinen-pokazati-silu-shob-postaviti-krapku-u-spromozhn-78325
Zelenskyy, V. (2023). Your Task is to Ensure that the World Always Stands with Ukraine – President’s Speech at the Meeting with Heads of Foreign Diplomatic Missions of Ukraine. President of Ukraine. https://www.president.gov.ua/en/news/vashe-zavdannya-shob-svit-zavzhdi-buv-razom-z-ukrayinoyu-vis-84665