Ukraine, July 22 -- After three years of full-scale war, the majority of Ukraine's small and medium-sized enterprises (SMEs) are facing strategic and tactical uncertainty and operating in "conservation mode", a new study published by the European Bank for Reconstruction and Development (EBRD) reveals.The study surveyed a representative cohort of SMEs across Ukraine to understand the challenges they face, three years on from Russia's full-scale invasion. Businesses are actively seeking stable markets, with a particular focus on western markets, while constantly striving to find ways to address challenges and cautiously adapt, it reports.According to the study, of the businesses that remain active, 90 per cent are operating at full capacity a...