Ukrainian PM Arseniy Yatsenyuk resigns

Ukrainian Prime Minister Arseniy Yatsenyuk announced his resignation in the wake of a months-long political crisis.
His resignation was approved by the President Petro Poroshenko and has selected Parliament speaker Volodymyr Groysman to assume the Prime Minister post.
Mr Yatsenyuk had entered in office since former pro-Russian President Viktor Yanukovych was ousted in February 2014 during the Crimean crisis.
His resignation comes after his government was accused of inaction and corruption which had led to the political crisis. His government was also criticised for the slow pace of reforms and the abysmal state of the economy.
It is also believed that the political crisis had paralysed the government and frozen the release of vital Western aid especially from the International Monetary Fund (IMF).
Earlier in February 2016, Arseniy Yatsenyuk’s Government had narrowly survived no-confidence vote in the Ukrainian parliament after he was accused of allegedly sidelining the government’s reform efforts, which prompted President Poroshenko to ask for his resignation.

Month: Current Affairs - April, 2016