Lithuania–Ukraine relations Lithuania–Ukraine relations Lithuania–Ukraine relations are foreign relations between Lithuania and Ukraine. Lithuania has an embassy in Kiev and an honorary consulate in Lviv. Ukraine has an embassy in Vilnius and 3 honorary consulates (in Klaipėda, Šalčininkai and Visaginas). Between 1569 and 1795 Poland and Lithuania formed the Polish–Lithuanian Commonwealth which incorporated much of what is now Ukraine. Before 1918 both countries were part of the Russian empire and until 1991 part of the USSR. A number of agreements were signed in November 2009 including the mutual recognition of university qualifications and cooperation in preserving cultural heritage; furthermore Lithuania promised assistance
Economy of Lithuania degrees of business, fiscal, and financial freedom. Lithuania is a member of the EU and the WTO, so regulation is relatively transparent and efficient, with foreign and domestic capital subject to the same rules. The financial sector is advanced, regionally integrated, and subject to few intrusive regulations. One of Lithuania's most important reforms was the privatization of state-owned assets. The first stage of privatization was being implemented between 1991 and 1995. Citizens were given investment vouchers worth €3.1 billion in nominal value, which let them participate in assets selling. By October 1995, they were used as follows: 65% for acquisition