What effects does a revolution have on the stability or change of a hybrid regime? Has the Ukraine’s regime changed since the 2014 revolution? To answer these questions I examine the changes in formal and informal institutions and the quantitative and qualitative composition of elites after the change of power in Ukraine in 2014. I argue that despite greater than in the post-orange period quantitative renewal of elites, qualitative change has not occurred. Meanwhile, the old operational code, or modus operandi , of elites’ political culture, composed of clientelism, secretive deals and quota based nominations to government positions continues to operate. The lack of elites’ renewal and the dominance of informal rules over formal procedures — two factors that keep the institutional core of Ukraine’s hybrid regime unchanged.