Keywords: economic instruments, kinetic war, packages of restrictive measures, sanctions, solidarity fund


This article analyzes the foreign aid obligations and multilateral support commitments to Ukraine by the G7 countries and the EU in term of securing financial, military and humanitarian aid in the kinetic resistance to Russia’s aggression. The focus is on the instruments of financial support that are used to supply Ukraine with military equipment as well as the EU's support mechanisms for Ukraine, in particular those used by the European Peace Fund, EU macro-financial aid programs, the European Bank for Reconstruction and Development, and the European Investment Bank, among others. The author reports on her monitoring of assistance to Ukraine by international organizations through IMF programs within the framework of the Rapid Financing Instrument, the World Bank's emergency aid package, donor funds of the Solidarity Fund as well as financial support for refugees. Then the author highlights specific features of the large-scale restrictive economic, financial and budgetary measures targeting Russia in the defense, food and energy sectors, which Ukraine’s partners have already implemented, and offers recommendations for the further implementation of interconnected and systemic solutions. Further steps include a number of economic measures that can be applied because of the kinetic war of the Russian Federation against Ukraine. They ought to be coupled with an expanded toolkit for multilateral assistance to Ukrainian sectors and enterprises that suffered because of the large-scale military invasion of the Russian Federation in Ukraine. In conclusion, the author indicates essential features, key elements and points out the main directions of multilateral support of international organizations in strengthening the economy of Ukraine.


Antezza, A., Frank, A., Frank, P., Franz, L., Rebinskaya, E., Trebesch, Ch. (2022, May). The Ukraine Support Tracker: Which countries help Ukraine and how? KIEL working paper, No. 2218, 49 p. Kiel Institute for the World Economy.

Arms Transfers to Ukraine. (2022, July). Forum Arms Trade. Retrieved August 01, 2022 from

Barnes, Julian E., Ismai, John. (2022, March 16). U.S. Adds ‘Kamikaze Drones’ as More Weapons Flow to Ukraine. The New York Times. Retrieved May 20, 2022 from

Becker, T., Eichengreen, B., Gorodnichenko, Yu., Guriev, S., Johnson, S., Mylovanov, T., Rogoff, K., Weder di Mauro, B. (2022, April 07). A Blueprint for the Reconstruction of Ukraine. Vox.EU.

Consolidated list of persons, groups and entities subject to EU financial sanctions. (2020, December 23).

Council of the EU. (2022, April 04 ). EU verabschiedet fünfte Runde von Sanktionen gegen Russland wegen seiner militärischen Aggression gegen die Ukraine.

Council Regulation (EU) Nо 833/2014 of 31 July 2014 concerning restrictive measures in view of Russia’s actions destabilizing the situation in Ukraine. (2014, July 31). Official Journal of the European Union.

Denkov, D. (2022, May 04). "Rejection of gas from Russia costs the EU less than the first year of covid". Member of the Sanctions Group Andriy Pyshnyi. Ukrainska Pravda. [in Ukrainian].

Deutsches Zentralinstitut für soziale Fragen. (2022). [in German].

Directive 2010/13/EU of the European Parliament and of the Council of 10 March 2010 on the coordination of certain provisions laid down by law, regulation or administrative action in Member States concerning the provision of audiovisual media services (Audiovisual Media Services Directive). (2010, April 15). Official Journal of the European Union.

Established under Directive 2002/59/EC. (2002, August 05). Official Journal of the European Communities.

European Council. (2022). Europäischer Rat, 24./25. März 2022. European Council. Retrieved May 20, 2022 from

European Commission. (2020, December 09). Daily News 09/12/2020. Brussel. European Commission.

European Commission. (2022, March 15). Ukraine: EU beschließt viertes Sanktionspaket gegen Russland. Brussels. European Commission.

EU sanctions against Russia for invading Ukraine. (n.d.). European Commission. [in Russian].

EU Sanctions Map. (2022).

Gebauer, M. (2022, March 22). Deutschland lieferte Ukraine bisher Waffen für 37 Millionen Euro. Spiegel Politik. Retrieved May 20, 2022 from

Government of Canada announces loan of up to $120 million to support Ukraine’s economic resilience and development. (2022, January 21). Government of Canada: official site. Retrieved May 20, 2022 from

IMF. (2022). Joint Statement of Heads of International Financial Institutions with Programs in Ukraine and Neighboring Countries.

International working group on sanctions against Russia. (2022, April 19). Action plan for strengthening sanctions against the Russian Federation. [in Ukrainian].

Interview of the Minister of Finance of Ukraine Serhiy Marchenko for the Financial Times. (2022, April 12). Government portal. [in Ukrainian].

Kaptur, A. (2022, April 04). The US Congress approved a law on the transfer of Russian assets to Ukraine. Ukrainska Pravda. [in Ukrainian].

List of foreign aid to Ukraine during the Russo-Ukrainian War. (n.d.). In: Wikipedia. Retrieved May 20, 2022 from

Lawder, D., Shalal, A. (2022, April 22). World Bank to send Ukraine $1.5 billion as food, energy prices spike. Reuters.

Powerful event engagement platform for live events. (n.d.). Соnference Сompass.

President of Ukraine. (2019). On the Sustainable Development Goals of Ukraine for the period up to 2030: Decree of the President of Ukraine dated September 30, 2019 No. 722. President of Ukraine Volodymyr Zelenskyy: Official. online representation. [in Ukrainian].

Russia Lost Access to Half Its Reserves, Finance Minister Says. (2022, March 13). Bloomberg News.

Russia will pay for Ukraine’s modern armament, the Budget Committee is convinced. (2022, May 03). Official web portal of the Parliament of Ukraine. [in Ukrainian].

Russia’s war with Ukraine: the EU adopts the sixth package of sanctions against Russia. Press release. (2022, June 03). Official website of the European Union. [in Russian].

Sanctions will set the Russian economy back 15 years. (2022, April 06). Ukrinform. [in Ukrainian].

Solidarity Fund for Ukraine. (n.d.).

The EU presents its "Marshall Plan" for Ukraine. (2022, May 05). BusinessUA. [in Ukrainian].

Ukrainian Companies Ready to Work Remotely for you. (n.d.). BizForUkraine.

Verkhovna Rada of Ukraine. (2014). On sanctions: Law of Ukraine dated August 14, 2014 No. 1644-VII. Legislation of Ukraine: Officіаl portal. [in Ukrainian].

Verkhovna Rada of Ukraine. (2022a). On amendments to some legislative acts of Ukraine regarding increasing the effectiveness of sanctions related to the assets of individuals: Law of Ukraine dated May 22, 2022 No. 2257-IX. Legislation of Ukraine: Officіаl portal. [in Ukrainian].

Verkhovna Rada of Ukraine. (2022b). On the main principles of forced seizure in Ukraine of objects of property rights of the Russian Federation and its residents: Law of Ukraine dated March 03, 2022 No. 2116-IX. Legislation of Ukraine: Officіаl portal. [in Ukrainian].

Verkhovna Rada of Ukraine. (2022c). Draft law on amendments to the Tax Code of Ukraine and other laws of Ukraine regarding certain taxes and fees during the period of martial law, state of emergency dated April 24, 2022 No. 7311. Official web portal of the Parliament of Ukraine: draft laws. [in Ukrainian].

Voitiuk, T. (2022, July 21). The EU approved the seventh package of sanctions against Russia. Social News. [in Ukrainian].

Wir unterstützen innovative KMU international zu wachsen. (n.d.). Enterprise Europe Network. [in German].

Wong, E., Svanson, A. (2022, March 22). Ukraine War and Pandemic Force Nations to Retreat From Globalization. The New York Times.

Zaini, Majeed. (2022, January 21). UK Sends 30 Elite Troops, 2000 Anti-tank Weapons to Ukraine Amid Russian Invasion Fears. Retrieved May 20, 2022 from

How to Cite