KOI8-U is an 8-bit character encoding, designed to cover Ukrainian, which uses a Cyrillic alphabet. It is based on KOI8-R, which covers Russian and Bulgarian, but replaces eight graphic characters with four Ukrainian letters Ґ, Є, І, and Ї in both upper case and lower case.
In Microsoft Windows, KOI8-U is assigned the code page number 21866. In IBM, KOI8-U is assigned code page 1168.
KOI8 remains much more commonly used than ISO 8859-5, which never really caught on. Another common Cyrillic character encoding is Windows-1251. In the future, both may eventually give way to Unicode.
KOI8 stands for Kod Obmena Informatsiey, 8 bit (Russian: Код Обмена Информацией, 8 бит) which means "Code for Information Exchange, 8 bit".
The KOI8 character sets have the property that the Russian Cyrillic letters are in pseudo-Roman order rather than the natural Cyrillic alphabetical order as in ISO 8859-5. Although this may seem unnatural, it has the useful property that if the 8th bit is stripped, the text can still be read (or at least deciphered) in case-reversed transliteration on an ordinary ASCII terminal. For instance, "Русский Текст" in KOI8-U becomes rUSSKIJ tEKST ("Russian Text") if the 8th bit is stripped.
I bought a flat
Diminished responsibility
You're de ninth person to see
To be suspended in a seventh
Major catastrophe
It's a minor point but gee
Augmented by the sharpness of your
See what I'm going through
A to be with you
In a flat by the sea