The EU's Evolving Economic Diplomacy in Ukraine and its Ramifications

This paper discusses the way the European Union (EU) needs to adapt its economic diplomacy toolbox to tackle current challenges pertaining to the Russian war on Ukraine. It investigates the way in which the EU has developed its economic diplomacy in Ukraine, focusing on the scope of this diplomacy and its efficacy in responding to Russia's assertiveness and, ultimately, to Russia's aggression. The research identifies those initiatives that may be part of the priority toolkit used for sustaining the EU's strategic goals in Ukraine and beyond, considering the evolving global economic environment. The paper concludes with a comprehensive listing of the EU's challenges and opportunities for further developing its economic diplomacy, including as a solution or a response to the Ukrainian reconstruction needs.