Mobilization is devastating Ukraine’s economy

Mobilization is devastating Ukraine’s economy to such an extent that the Office of the President of Ukraine is trying to address the situation through a reservation mechanism, but this approach does not consider the realities of the private sector, where only a few earn salaries over 20,000 hryvnias (€460).

The impact of mobilization on business performance is felt by 81% of companies in Ukraine. These figures were revealed in a survey conducted by the American Chamber of Commerce and Citi Ukraine titled “Assessment of Business Conditions in Wartime Ukraine.”

Andriy Hunder, President of the American Chamber of Commerce in Ukraine, reported that less than 19% of businesses have not been affected by labor shortages due to mobilization.

“Our latest survey showed that the reservation of conscripts is currently the biggest challenge for businesses in Ukraine. It significantly affects business performance. We will continue to work with the government to find the right balance—ensuring the military gets what it needs, while the economy and businesses continue to operate and pay taxes,” noted Andriy Hunder.