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Документ Influence of Russia and the USA at the entrance of Ukraine into the EU(2014) Vzhytynska (Omelchenko), Kseniia; Ivantsiva, HannaUkraine became an independent state after the collapse of Soviet Union in 1991. Since that time the country has passed through a process of significant political, economic, and social change. Having experienced difficult economic times during 1991-1995 (the breakdown of integrated connections with the post-Soviet business environment, hyperinflation, privatization issues, and national business system formation), the Ukrainian government successfully established a national currency (hryvna) and overcame high inflation by the late 1990s.