Ukraine must rely on its partners for funding to win the war and rebuild the country. This year’s Ukraine Recovery Conference (URC) was an oppor­tunity for Ukraine to build trust and trans­parency regarding its plans and goals for the funding. Now Ukraine should address its long-term challenges and its commitment to build a stable business environment, while preparing for the URC 2024. Despite or even because of the ongoing war Ukraine should make reforms its priority next to fighting Russia and liber­ating its territories.

The war in Ukraine will throw Russia into an economic crisis, which it will try to combat through fossil fuels reversing the started green transition