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Financial system of Ukraine during the martial law

The paper is a study of the functioning of the financial system of Ukraine under martial law. In particular, it was found that the structure of the financial system is quite complex, and with the help of the financial system, the state accumulates and uses resources to maintain its apparatus. It was found that in accordance with the Decree of the President of Ukraine of February 24, 2022, a martial law regime was imposed on the territory of Ukraine for 30 days and later it was extended. With the beginning of a large-scale invasion of the aggressor country, the National Bank of Ukraine adopted the necessary decisions, including the NBU resolution of February 24, 2022 №18. It was determined that these actions are important in order to ensure the reliable and stable functioning of the financial system of the country, as well as to ensure the activities of the Armed Forces of Ukraine and the smooth operation of critical infrastructure. It was found that on April 13, 2022, the Law of Ukraine №2180-IX "On Amendments to Certain Laws of Ukraine on Ensuring the Stability of the Deposit Guarantee System for Individuals" came into force, which introduces a 100% guarantee on bank deposits of individuals and sole proprietors.
It is investigated that in case of liquidation of the bank, the state on whose behalf the Individual Deposit Guarantee Fund (DGF) acts, reimburses depositors within the guaranteed amount. It was determined that the NBU Council approved the "Basic Principles of Monetary Policy for Martial Law". This is a very important document, which not only opens up new opportunities for the implementation of relevant measures of the NBU, but also creates opportunities to create appropriate conditions for postwar reconstruction.
In addition, it was found that a number of changes were made to the budget legislation, which was adopted during the martial law. In particular, changes were made in the functioning of local budgets under martial law. Thanks to the Office of the President of Ukraine, the Government, the Verkhovna Rada of Ukraine and other central authorities, a number of quick, effective and prompt decisions were made.