The demolition of St. Michael's Golden-Domed Monastery by dynamite took place on 14 August 1937. The bell tower, the Economic Gate (Ekonomichna Brama) and the monastery's walls were also destroyed.
The Soviet authorities afterwards commissioned a competition how to best fill the empty plot. A new administration complex was planned, but only the building of the Central Committee of the Communist Party of Ukraine was constructed, a building that now houses the Ukrainian Ministry of Foreign Affairs.