- Parliament passed the Law on the budget for 2002 with a UAH 4.3 bn deficit. Privatisation receipts were not included.
- Ihor Yushko became the new Minister of Finance.
- Ukraine and Russia signed a joint protocol applying to gas transit and supply in 2002.
- The USA introduced trade sanctions against Ukraine following Parliament’s failure to regulate the laser disk market.
- The Inflation rate in 2001 was at 6.1%.
- The Ministry of Finance reduced the interest rate for inflation-linked state domestic bonds to 5.18% p.a. for 2002.