Leonid Kuchma: Election as President

Leonid Kuchma: Election as President

10 July 2019, 21:50
A source: © jnsm.com.ua
With the support of the Council of Industrialists and Entrepreneurs of Ukraine, established in 1992, in March of next year, Leonid Kuchma was again elected to the Verkhovna Rada of Ukraine and put forward his candidacy for the presidential elections.

In the first round, the current president, Leonid Kravchuk (38.36%), and the opposition to him, Leonid Kuchma (31.17%), won. In the second round, which was held on July 10, 1994, Leonid Kuchma, who was supported by the south and east of the country, received 52.15% of the votes cast and was proclaimed president of Ukraine on July 19.

On the same day, Kuchma, Prime Minister Vitaly Masol and Parliament Speaker Alexander Moroz published a statement on the common actions of the branches of government and in October the Verkhovna Rada approved the economic reform strategy developed by the team of the new president. In 1995, voucher privatization took place in Ukraine, in 1996, the reform of the agricultural sector began; in September of the same year, a monetary reform was carried out.
Photo © jnsm.com.ua

Having come to power under the slogans of restoring economic relations with Russia, Leonid Kuchma managed to resolve the problem of the Crimean separatism, in December 1994, Ukraine signed the so-called. Budapest Memorandum.

Ukrainians remember the presidency of Leonid Kuchma in different ways: both the era of stability and instability, as a time of well-being, and universal poverty. During the first years of his presidency, conditions were formed for the emergence of financial-industrial groups on the Ukrainian market, on the basis of which the business structures of domestic oligarchs were subsequently formed.

November 14, 1999, Leonid Kuchma was re-elected to the post of President of Ukraine. In the 1st round, 36.49% voted for him, in the 2nd round - 56.25%.
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