Nataliia Shapoval
President of KSE Institute and Vice President of KSE for Public Policy Research
01
UKRAINE MACROECONOMIC HANDBOOK
UKRAINE MACROECONOMIC HANDBOOK
A comprehensive assessment of Ukraine's economy across key sectors and macroeconomic indicators, with forecasts for the coming years and analysis of risks, needs, and trade-offs in economic policy choices.
02
UKRAINE RISK MATRIX
Quarterly
UKRAINE RISK MATRIX
Assesses key risks to Ukraine's economy and resilience, determines the likelihood of their realization and potential impact, and tracks vulnerabilities critical to policy formulation.
03
UKRAINE INVESTMENT GUIDE 2026
2026 Edition
UKRAINE INVESTMENT GUIDE 2026
Presents investment opportunities in key sectors of Ukraine's economy and helps investors, financial institutions, international partners, and companies find investment opportunities and partners in Ukraine.
04
UKRAINE PUBLIC ASSETS GUIDE
2026 Edition
UKRAINE PUBLIC ASSETS GUIDE
Provides a strategic framework for private capital participation in state asset management and privatization in Ukraine, covering key mechanisms for private sector engagement.
05
SELF-SANCTIONS / LEAVERUSSIA
Biannually
SELF-SANCTIONS / LEAVERUSSIA
Tracks foreign companies operating in Russia that are scaling down or ceasing their activities, and assesses the impact of foreign business exits on the Russian economy.
06
UKRAINE DAMAGE ASSESSMENT
Periodically updated
UKRAINE DAMAGE ASSESSMENT
Assesses direct damage to Ukraine's physical assets resulting from Russia's full-scale invasion, including housing, transport, enterprises, energy, public infrastructure, and other sectors.
07
FISCAL DIGEST
Quarterly
FISCAL DIGEST
Analyzes the state of Ukraine's public finances, including budget revenues and expenditures, financing, public debt, and key trends affecting macrofinancial stability.
08
RUSSIA CHARTBOOK
Monthly
RUSSIA CHARTBOOK
Provides a comprehensive assessment of the Russian economy and the impact of sanctions, covering economic activity, external economic dynamics, the budget, inflation, and the financial system.
09
RUSSIAN OIL TRACKER
Monthly
RUSSIAN OIL TRACKER
Analyzes Russian crude oil and petroleum product exports, tracking sellers, buyers, routes, and shipping structures, as well as shadow fleet activity.
10
RUSSIAN SHADOW FLEET TRACKER
Monthly
RUSSIAN SHADOW FLEET TRACKER
Tracks Russian oil shipments by the shadow fleet, including supply routes, vessel ownership, and changes in fleet composition.
11
UKRAINE'S DEFENSE TECHNOLOGY MARKET: OPPORTUNITIES FOR INVESTORS
Special Report
UKRAINE'S DEFENSE TECHNOLOGY MARKET: OPPORTUNITIES FOR INVESTORS
Assesses Ukraine's defense technology market, key technology segments and financing mechanisms, and opportunities for U.S. and international investors.
12
LABOR MARKET FOR UKRAINE'S RECONSTRUCTION
Special Report
LABOR MARKET FOR UKRAINE'S RECONSTRUCTION
Examines labor demand in Ukraine, emerging workforce shortages, and the professions and skills that will be critical for reconstruction and economic recovery.
Flagship Products and Reports 2026
Key Departments
Centers
Projects
Sanctions Against Russia
Research on sanctions against Russia, their impact—including restrictions in the energy, financial, and technology sectors—and measures targeting Russia's shadow fleet.
→
Russia Will Pay Project
Collection and analysis of data on damage and destruction caused by Russia's war against Ukraine. Assessment of economic losses and reconstruction and recovery needs.
→
Self-Sanctions / LeaveRussia Project
Collection and verification of data on foreign companies operating in Russia, monitoring whether they continue their activities, scale down,
or exit the market, and analysis of the economic consequences of these decisions.
→
Ukraine's Economic Recovery
Initiatives that bring Ukraine closer to victory and support economic recovery, building a resilient and independent state.
→
I_CAN National Program
Strengthening the capacity of government and local authorities to prepare and manage projects financed by international financial institutions.
→
Cooperation Between Africa and Ukraine
A platform for research on agricultural practices, trade, policy, rural development, and environmental issues in Ukraine and African countries, fostering knowledge exchange and deeper cooperation.
→
October 14, 2026
September state budget spending was 11.7% below plan, and the deficit reached UAH 103.6 billion — KSE Institute Budget Barometer
October 14, 2026
Community revenues rose 25.6% in September, but delayed payments on the single treasury account held up some spending. Meanwhile, attacks increased 64.6% year-on-year — KSE Institute’s Community Monitoring
October 8, 2026
Russian Shadow Fleet Tracker – September 2026: Shadow fleet shipments of crude oil and oil products from Baltic Sea ports rose 16% as Russia’s overall seaborne oil exports fell
October 8, 2026
KSE Institute Presents Key Conditions for Ukrainian Economic Growth at UBBC Conference in London
October 6, 2026
Local Budget Revenues Up 19%, Attacks Rise 80.5% Year-on-Year — Municipal Review KSE Institute
October 5, 2026
KSE Institute Russia Chartbook
Get the latest analysis
Subscribe to KSE Institute news and research
Media About Us
KSE Institute's mission is to be the leading source
of objective and reliable information for Ukraine's public
and private sectors.
Team
Vladyslava Hrudova
CEO
Maksym Fedosieenko
Vice President for Business Engagement
Olha Slyvynska
Vice President for International Relations and Development Finance
Yuliia Markuts
Vice President for Macroeconomics, Public Finance, and Public Administration
Elina Ribakova
Director of the International Relations Program and Vice President of KSE for Foreign Policy
Yehor Hryhorenko
Vice President for Government Programs and Implementation
Partners
We express our gratitude to the donors and partners whose support has made our research and projects possible
Reports
Here you can explore KSE Institute's annual and financial reports. They combine in-depth analysis of our research findings and policy impact with clear financial data, illustrating how we work, the results we achieve, and how our resources contribute to strengthening Ukraine's resilience and recovery.