- Opposition protests took place in Kyiv and throughout the country calling on President Leonid Kuchma to resign.
- The U.S. announced that evidence according to which President Kuchma had permitted weapons exports to Iraq is authentic, and froze USD 54 m of aid to the Ukrainian central government. The real GDP growth is not likely to reach its 6.0% target in 2002.
- A new privatisation program for 2003-2008 has been drafted.
- The government introduced the Budget 2003 draft to Parliament.
- The Council of the NBU adopted “General Principles of Monetary Policy for 2003”. Starting in October 2002 the State Pension Fund account will be gradually transferred to Oschadbank.