[3] In the late 19th-century the population was mostly employed in agriculture and grain trade, which was sold mostly to Odesa.

[3] During World War II, Lypovets was the site of a battle between the Soviet Union and the Slovak State.

In a field near Lypovets, from the end of April 1942, over 950 Jews were shot by German security forces with the support of local policemen and buried in two mass graves.

[4] To commemorate the extermination, obelisks were erected in the 1950s - on the initiative of Leontii Usharenko, who was pulled out of the pit at the last minute and had to watch his family and acquaintances being murdered.

Two memorials were erected at the mass graves of the Jewish victims in 2019 and ceremonially inaugurated in September 2019.