Ukraine was initially viewed as having favourable economic conditions in comparison to the other regions of the Soviet Union.[148] However, the country experienced deeper economic slowdown than some of the other former Soviet Republics. During the recession, Ukraine lost 60% of its GDP from 1991 to 1999,[149][150] and suffered five-digit inflation rates.[151] Dissatisfied with the economic conditions, as well as the amounts of crime and corruption in Ukraine, Ukrainians protested and organized strikes.[152]
The Ukrainian economy stabilized by the end of the 1990s. A new currency, the hryvnia, was introduced in 1996. After 2000, the country enjoyed steady real economic growth averaging about seven percent annually.[153][154] A new Constitution of Ukraine, under the second President Leonid Kuchma in 1996, turned Ukraine into a semi-presidential republic and established a stable political system. Kuchma was, however, criticised by opponents for corruption, electoral fraud, discouraging free speech and concentrating too much power in his office.[155]
Ukraine also pursued full nuclear disarmament, giving up the third largest nuclear weapons stockpile in the world and dismantling or removing all strategic bombers on its territory in exchange for various assurances
(main article: Nuclear weapons and Ukraine).[156]
http://en.wikipedia.org/wiki/Ukraine
| 