The USSR launched a planned economy, rapid industrialization and collectivization of its agriculture.

The Stalin's Ukrainian famine (1932—1933), or Holodomor was one of the largest national catastrophes in the modern history of Liubashivka.

During World War II, Liubashivka was occupied by Romanian and German forces from August 4, 1941 to March 30, 1944.

On this day, a new law entered into force which abolished this status, and Liubashivka became a rural settlement.

Liubashivka is an important transport center and located approximately 160 kilometers from the region capital, Odesa.