The Influence of Martial Law on the International Innovation Activity of Energy Enterprises of Ukraine

Abstract

The article is devoted to topical issues of innovative activity of energy enterprises. Since Ukraine has been integrated into the energy space of the European Union since March 16, 2022, a detailed study of changes in the innovative activity of energy enterprises in the impact of the martial law becomes especially relevant. The study reveals theoretical approaches to the interpretation of innovative activity; the essence of the main types of innovations critically necessary for the effective functioning of energy enterprises is characterized; the content of innovative management of enterprises is disclosed; trends and volumes of investments in the energy sector, including in innovative activities, were analyzed; the main aspects of the international innovative activity of energy enterprises are revealed; as well as the changes that occurred in the energy industry under martial law. It is worth noting that the energy sector suffered significant destruction in connection with the beginning of Russia's war against Ukraine. In the light of these events, Ukrainian energy companies faced a number of important problems: rapid restoration of damaged power grids and high-quality transmission of electrical energy to end users. In this way, the legal regime of martial law significantly affected the activities of enterprises, because the problems faced by the energy industry of Ukraine required the newest and most innovative solutions. It is worth noting that in 2022, energy enterprises of Ukraine actively attracted investments for the renewal and reconstruction of fixed assets, and also developed international cooperation with various European structures in the field of energy. In general, the impact of the legal regime of martial law is assessed as negative, because a number of critical problems have arisen, but on the other hand, it contributes to the introduction of innovations and the expansion of international cooperation.