ECONOMIC INTERDEPENDENCE BETWEEN UKRAINE AND OTHER EUROPEAN COUNTRIES IN THE CONTEXT OF STRATEGIC PARTNERSHIP DEVELOPMENT DURING THE WAR

Authors

Keywords:

bilateral economic relations, economic asymmetry, economic interdependence, European integration of Ukraine, foreign investment, international aid, international trade, migration.

Abstract

The work analyzes the nature of economic interdependence between Ukraine and European countries under the conditions of Russia’s military aggression against Ukraine.The authors develop and justify an integral Index of Economic Interdependence (EIDI) between Ukraine and 41 European economies (EU countries, candidates, and EFTA states). The index encompasses four key com ponents of bilateral relations: trade in goods and services, financial links, international assistance, and migration flows (relative to Ukrainian and partner GDP or population) in 2024-2025. Additionally, an Economic Asymmetry Index (EAI) is created to assess imbalances in interdependence between Ukraine and its partners.The results show that Ukraine’s most significant partners are Germany, Poland, Cyprus, the Netherlands, and the United Kingdom, with Cyprus serving as a key financial center and Germany acting as the leading trade, migration, and donor partner. Ukraine has a balanced interdependence with 24 European economies and an asymmetrical one with 17 states. Geographic proximity strengthens trade and migration links, while distant countries provide more international aid.

JEL: C43, F14, F15, F21, F22, F24, F35.

Author Biographies

Oleksandr SHNYRKOV, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine. 

DSc (Economics), Professor, Head of the Department of World Economy and International Economic Relations, Educational and Scientific Institute of International Relations

Oleksii CHUGAIEV, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine. 

DSc (Economics), Professor, Department of World Economy and International Economic Relations, Educational and Scientific Institute of International Relations

Rita ZABLOTSKA, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine.  

DSc (Economics), Professor,Department of World Economy and International Economic Relations, Educational and Scientific Institute of International Relations

Valerii KOPIIKA, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine. 

DSc (Political Science), Professor, Director of Educational and Scientific Institute of International Relations

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Received: March 23, 2026.

Reviewed: May 29, 2026.

Accepted: June 8, 2026.

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Published

30.06.2026

How to Cite

SHNYRKOV, Oleksandr, et al. “ECONOMIC INTERDEPENDENCE BETWEEN UKRAINE AND OTHER EUROPEAN COUNTRIES IN THE CONTEXT OF STRATEGIC PARTNERSHIP DEVELOPMENT DURING THE WAR”. Journal of European Economy, vol. 25, no. 2, June 2026, pp. 281-00, https://jeej.wunu.edu.ua/index.php/enjee/article/view/1932.

Issue

Vol. 25 No. 2 (2026): JOURNAL OF EUROPEAN ECONOMY

Section

EUROPEAN INTEGRATION

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