BSEC, CE, CEI, CIS, EAPC, EBRD, FAO, GUUAM, IAEA, IBRD, ICAO, ICC,
ICCt (signatory), ICFTU, ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO,
Interpol, IOC, IOM, ISO, ITU, MIGA, MONUC, NAM (observer), NSG, OAS
(observer), OPCW, OSCE, PCA, PFP, UN, UNAMSIL, UNCTAD, UNESCO,
UNIDO, UNIFIL, UNMEE, UNMIK, UNMIL, UNMOVIC, UNOMIG, UPU, WCL, WCO,
WFTU, WHO, WIPO, WMO, WToO, WTrO (observer), ZC

Diplomatic representation in the US:
chief of mission: Ambassador Mykhailo B. REZNIK
FAX: [1] (202) 333-0817
consulate(s) general: Chicago and New York
telephone: [1] (202) 349-2920
chancery: 3350 M Street NW, Washington, DC 20007

Diplomatic representation from the US:
chief of mission: Ambassador John E. HERBST
embassy: 10 Yuriia Kotsiubynskoho Street, 04053 Kiev
mailing address: 5850 Kiev Place, Washington, DC 20521-5850
telephone: [380] (44) 490-4000
FAX: [380] (44) 490-4085

Flag description:
two equal horizontal bands of azure (top) and golden yellow
represent grainfields under a blue sky

Economy Ukraine

Economy - overview:
After Russia, the Ukrainian republic was far and away the most
important economic component of the former Soviet Union, producing
about four times the output of the next-ranking republic. Its
fertile black soil generated more than one-fourth of Soviet
agricultural output, and its farms provided substantial quantities
of meat, milk, grain, and vegetables to other republics. Likewise,
its diversified heavy industry supplied the unique equipment (for
example, large diameter pipes) and raw materials to industrial and
mining sites (vertical drilling apparatus) in other regions of the
former USSR. Ukraine depends on imports of energy, especially
natural gas, to meet some 85% of its annual energy requirements.
Shortly after independence in December 1991, the Ukrainian
Government liberalized most prices and erected a legal framework for
privatization, but widespread resistance to reform within the
government and the legislature soon stalled reform efforts and led
to some backtracking. Output by 1999 had fallen to less than 40% of
the 1991 level. Loose monetary policies pushed inflation to
hyperinflationary levels in late 1993. Ukraine's dependence on
Russia for energy supplies and the lack of significant structural
reform have made the Ukrainian economy vulnerable to external
shocks. President KUCHMA had pledged to reduce the number o