The accident at the Chernobyl nuclear power plant was the worst industrial accident of the last century that involved radiation. The unprecedented release of multiple different radioisotopes led to radioactive contamination of large areas surrounding the accident site. The exposure of the residents of these areas was varied and therefore the consequences for health and radioecology could not be reliably estimated quickly. Years since the Chernobyl accident, an enormous amount of work has been done to assess the consequences to the natural and human environment. Although it is difficult to summarize such a large and varied field, some general conclusions can be drawn. This paper includes the main findings concerning environmental issues and its impact on ecological policy of Ukraine and its impact on economy of the country. The biggest known technological catastrophe was a direct cause of major socio-economic and medical changes.