The main part of the square is bordered to the west by the site of a removed statue of Lenin, to the east by Sumska Street, to the north by the Hotel Kharkiv and to the south by Taras Shevchenko Garden [uk].

[citation needed] A notable landmark of the square is the Derzhprom building, a prime example of constructivist architecture.

The issue was the statue of Lenin, which was fiercely defended by pro-Russian demonstrators against pro-Ukrainian activists' attempts to dismantle it.

[9][10][11][12] Queen + Paul Rodgers kicked off their Rock the Cosmos Tour at Freedom Square on 12 September 2008 & gathered 350,000 audience members, the show was recorded for a DVD release, entitled Live in Ukraine, which was released on 15 June 2009.

[13] From 2010 to 2013,[14] it hosted an annual military parade in honor of Victory Day with the participation of the troops of the Kharkiv Garrison, military academies located in Kharkiv and troops from Russia.