participation:
Australia Group, BSEC, CBSS (observer), CE, CEI, CIS, EAEC
(observer), EAPC, EBRD, FAO, GCTU, GUAM, IAEA, IBRD, ICAO, ICC, ICCt
(signatory), ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol,
IOC, IOM, IPU, ISO, ITU, ITUC, LAIA (observer), MIGA, MONUC, NAM
(observer), NSG, OAS (observer), OIF (observer), OPCW, OSCE, PCA,
PFP, SECI (observer), UN, UNCTAD, UNESCO, UNIDO, UNMEE, UNMIL,
UNMIS, UNMOVIC, UNOMIG, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO,
WTO (observer), ZC

Diplomatic representation in the US:
chief of mission: Ambassador Oleh V. SHAMSHUR
chancery: 3350 M Street NW, Washington, DC 20007
telephone: [1] (202) 333-0606
FAX: [1] (202) 333-0817
consulate(s) general: Chicago, New York, San Francisco

Diplomatic representation from the US:
chief of mission: Ambassador William B. TAYLOR
embassy: 10 Yurii Kotsiubynsky Street, 04053 Kyiv
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 grain fields 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 was ratified 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