The Budapest Memorandum was adopted on December 5, 1994, at an OSCE conference held in Budapest, Hungary. The signatories included the United States, the United Kingdom, Russia, and Ukraine. With the collapse of the Soviet Union, Ukraine found itself with the world's third-largest nuclear arsenal. To ensure that Ukraine would renounce its nuclear weapons, international support was crucial, leading to the crafting of this memorandum. As part of the agreement, Ukraine would eliminate its nuclear weapons and join the Nuclear Non-Proliferation Treaty (NPT). In return, the signatory states pledged to respect Ukraine's sovereignty and territorial integrity while offering security assurances against threats or use of force. The agreement held significant implications for global security and particularly for Eastern Europe. It represented a collective international effort to remove nuclear weapons from the region, mitigate the risk of nuclear proliferation, and establish a framework for stronger diplomatic and security ties. The discussions leading up to the Memorandum highlighted the complexities of post-Soviet relationships and the challenges of ensuring a stable transition to non-nuclear status while guaranteeing national security for Ukraine. The event was marked by the commitment of international leaders to support a peaceful resolution to regional security challenges, emphasizing dialogue and cooperation.