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Vitalii Polovenko*1, Andrii Magomedov2, Oleksii Kravtsev3, Nataliia Krasnostanova4,
Serhii Kryzhanovskyi5
1Defence Management Education and Research Centre, National Defence University of Ukraine, Kyiv, Ukraine.
Email: polovenko469@gmail.com | ORCID: https://orcid.org/0000-0002-1753-395X
2Department of History & Culture of Ukraine, Hryhorii Skovoroda University in Pereiaslav, Pereiaslav, Ukraine.
Email: magomedovandriy@gmail.com | ORCID: https://orcid.org/0000-0001-5919-2340
3Interregional Academy of Personnel Management, Kyiv, Ukraine.
Email: okravtsev@gmail.com | ORCID: https://orcid.org/0009-0008-1292-6739
4Department of Management, Finance and Business Technologies, Institute of Public Service and Administration, Odessа Polytechnic National University, Odesa, Ukraine. Email: n.e.krasnostanova@gmail.com | ORCID: https://orcid.org/0000-0003-2151-3633
5Department of National Security, Public Administration and Administration, Zhytomyr Polytechnic State University, Zhytomyr, Ukraine. Email: krizhuk@gmail.com | ORCID: https://orcid.org/0009-0004-7111-597X
*Corresponding Author
Grassroots Journal of Natural Resources, 7(3ukr): s313-s330. Doi: https://doi.org/10.33002/nr2581.6853.0703ukr16
Received: 20 August 2024
Reviewed: 17 October 2024
Provisionally Accepted: 20 October 2024
Revised: 31 October 2024
Finally Accepted: 15 November 2024
Published: 31 December 2024
The study aims to analyze the existing regulatory and institutional foundations for establishing financial security in Ukraine's energy sector in the context of prospects for improvement and addressing related challenges. The article examines the basic conceptual principles of achieving energy security, including integration into a unified European energy space, ensuring stable energy independence, enhancing energy efficiency, and maximizing the potential of renewable energy sources. The proposed model of forming financial security in the energy sector and strategies for diversification and collaboration between Ukraine and the developed international community are critically evaluated. The study identifies ways to optimize the institutional and regulatory framework for financial security in the energy sector, including modernizing energy infrastructure, harmonizing legislation with European standards, and diversifying supply. The findings conclude that Ukraine's integration into the European unified energy space and robust investment support from the international community are considered prerequisites for the intensive development of Ukraine's energy sector.
Strategic approach; Institutional and regulatory framework; Energy efficiency; Management mechanisms; Energy security
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Polovenko, V., Magomedov, A., Kravtsev, O., Krasnostanova, N. and Kryzhanovskyi, S. (2024). Regulatory and Institutional Frameworks for Ensuring Financial Security in Ukraine's Energy Sector: Challenges and Future Outlook. Grassroots Journal of Natural Resources, 7(3): s313-s330. Doi: https://doi.org/10.33002/nr2581.6853.0703ukr16
Polovenko, V., Magomedov, A., Kravtsev, O., Krasnostanova, N., & Kryzhanovskyi, S. (2024). Regulatory and Institutional Frameworks for Ensuring Financial Security in Ukraine's Energy Sector: Challenges and Future Outlook. Grassroots Journal of Natural Resources, 7(3), s313-s330. https://doi.org/10.33002/nr2581.6853.0703ukr16
Polovenko V., Magomedov A., Kravtsev O., Krasnostanova N., Kryzhanovskyi S. Regulatory and Institutional Frameworks for Ensuring Financial Security in Ukraine's Energy Sector: Challenges and Future Outlook. Grassroots Journal of Natural Resources, 2024, 7 (3), s313-s330. https://doi.org/10.33002/nr2581.6853.0703ukr16
Polovenko, Vitalii, Magomedov, Andrii, Kravtsev, Oleksii, Krasnostanova, Nataliia, Kryzhanovskyi, Serhii. 2024. “Regulatory and Institutional Frameworks for Ensuring Financial Security in Ukraine's Energy Sector: Challenges and Future Outlook”. Grassroots Journal of Natural Resources, 7 no. 3: s313-s330. https://doi.org/10.33002/nr2581.6853.0703ukr16
Polovenko, Vitalii, Andrii Magomedov, Kravtsev Oleksii, Nataliia Krasnostanova and Serhii Kryzhanovskyi. 2024. “Regulatory and Institutional Frameworks for Ensuring Financial Security in Ukraine's Energy Sector: Challenges and Future Outlook”. Grassroots Journal of Natural Resources, 7 (3): s313-s330. https://doi.org/10.33002/nr2581.6853.0703ukr16
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