It was also a good reminder of the fact that not so long ago, Ukraine had the world`s third largest fleet of ICBMs – as well as the third largest nuclear arsenal. In 1994, Kiev agreed to hand over its nuclear arsenal to Russia for dismantling, in return for certain commitments, including respect for the sovereignty of the former Soviet state. This agreement was known as the Budapest Protocol on Security Assurances. And today, Moscow`s actions in Crimea blatantly violate these obligations. When the four parties signed the memorandum in 1994, they agreed on a meeting if a nation felt that any of the obligations had been violated. For Ukraine, the hurtful country is of course Russia. And for the first time since the signing of the agreement, Kiev has called for a meeting of the four nations. The Budapest Memorandum is more of a politically binding agreement than a legally binding treaty. Nevertheless, former Ukrainian officials, then in office, felt that it was crucial to Kiev`s decision to renounce nuclear weapons. The Budapest Memorandum on Security Assurances refers to three identical political agreements signed at the OSCE Conference held in Budapest, Hungary, on 5 December 1994, with a view to providing security guarantees to its signatories in the context of the accession of Belarus, Kazakhstan and Ukraine to the Treaty on the Non-Proliferation of Nuclear Weapons. The memorandum was originally signed by three nuclear Powers: the Russian Federation, the United Kingdom and the United States. China and France gave somewhat weaker individual assurances in separate documents.  Under the Agreement, both parties guarantee the rights and freedoms of citizens of other countries on the same basis and to the same extent as for their citizens, unless required by the national legislation of states or by international treaties.
As part of the agreement, the signatories to the agreement offered Ukraine “security guarantees” in exchange for its compliance with the Treaty on the Non-Proliferation of Nuclear Weapons. The memorandum contained a number of assurances that Ukraine had already made of the Final Act of the Conference on Security and Cooperation in Europe (CSCE), the UN Charter and the Non-Proliferation Treaty, but the Ukrainian government considered it useful to have these assurances in a Ukraine-specific document.   There is also such an agreement with China, China-UNITED States. . . .