Leonid Chernovetsky was a self-nominated candidate in the 2004 Ukrainian presidential election. A national deputy of Ukraine. Chair of the board of the Ukrainian Fund of Peace. Since 2001, he has been the President of the "Kyiv Bank Union". He is a chair of the Christian Liberal Union and Christian Liberal Party of Ukraine. In 1998-1999 he was a co-chair, and in 1999-2000 he was the chair of the party "For beautiful Ukraine." Since 2000, he has been a member of presidium of the party of regional revival "Labor solidarity of Ukraine." From 1997 to 2001 he was a member of a Supereme economic council of the President of Ukraine. He is a chair of the board of "Pravex Bank", one of the largest banks in Ukraine.
LeonidChernovetsky, a maverick nouveau riche whose bid for city hall was hardly taken seriously in the beginning, came out ahead.
Chernovetsky won the election scoring almost 32% of the votes, trailed by Klitchko with 24% and Omelchenko with 21%.
In his mayoral campaign, Chernovetsky targeted the poor and the underprivileged, especially the elderly, most of whom were impoverished by the wild capitalism that accompanied the transition to a market economy.