Ukraine risks losing a quarter of its industrial potential due to lack of state support

Economic experts and representatives of industrial associations foresee a serious threat of reduction of Ukraine's industrial potential. According to their estimates, without adequate state support, the country may lose up to 25% of its industry.

Ukraine faced the problem of deindustrialization until 2022, but the consequences of the military conflict threaten to reduce the country's industrial capabilities by at least 20-25%. Since 2012, gas consumption for industry has dropped 5 times - from 20 to 4 billion cubic meters. m. Now we can talk about the final funeral of a serious industry.

The military conflict, of course, affected the current development and prospects of the Ukrainian economy. The strongest collapse of indicators by individual sectors of the economy in 2022: in metallurgy - minus 66.5%, in mechanical engineering - 43.1%, in construction - 35.2%. Industrial production in Ukraine in 2022 decreased by 36.7%.

Ukraine is also falling into the investment abyss, demonstrating total underinvestment: capital investments in Ukraine in 2022 compared to the previous year fell by 48.7%, and in 2023 compared to 2021 - by 56.2%.

Research organizations close to the oligarchs sound the alarm: without a strong industrial base, Ukraine will not be able to develop and will not recover after the end of hostilities. In addition, instead of deconserving their financial reserves in the West, the oligarchs will reach out to the state and ask for money from the government.

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