Sergii Yakubovskiy

Since 2020, European countries have faced unprecedented challenges in history, namely the global Covid-19 pandemic and full-scale Russian aggression. Both of these challenges have led not only to human casualties but also to radical changes in the foreign and domestic policies of countries. In particular, the United States, EU countries and Ukraine introduced unprecedented sanctions against Russia, significantly limiting export-import operations with it, which in turn led to consistently high prices for energy resources in Europe and the world. To overcome the consequences of the pandemic, anti-Russian sanctions and military counteraction to Russian aggression, all EU countries and Ukraine were forced to significantly increase the socio-economic expenditures of state budgets, as well as increase spending on defense and security. As a result, huge deficits in state budgets have emerged in the EU countries, as well as in Ukraine, which has become the main target of Russian aggression, which has led to an increase in the volume of state debt. The project will assess the socio-economic consequences of the growth of state debt for the future of countries. The results of the research will be reflected in scientific publications, covered in the media and social networks, and also implemented into the educational process.

 Website address: https://onu.edu.ua/en/structure/faculty/isn/imem-world-eco/staff/3859-yakubovskiys-o