Ukraine govt resigns, stays on in acting role

KIEV Mon Dec 3, 2012 3:50pm IST

Ukraine's Prime Minister Mykola Azarov addresses the audience at the pro-President Yanukovich Regions Party's election headquarters in Kiev, October 28, 2012. REUTERS/Anatolii Stepanov/Files

Ukraine's Prime Minister Mykola Azarov addresses the audience at the pro-President Yanukovich Regions Party's election headquarters in Kiev, October 28, 2012.

Credit: Reuters/Anatolii Stepanov/Files

Related Topics

KIEV (Reuters) - Ukrainian President Viktor Yanukovich on Monday accepted the resignation of Prime Minister Mykola Azarov and his government and told the cabinet to stay on in an interim capacity, according to a decree published on the presidential website.

A number of government members, including Azarov, were elected to parliament in an election on October 28 and had been expected therefore to resign from their cabinet posts.

In his two and a half years as prime minister, Azarov has sought to revive an indebted economy which was hard hit by recession in 2009.

But growth rates have fallen again this year as markets for main exports, such as steel, have shrunk.

He has also been at the forefront of tough - and so far unsuccessful - negotiations with Russia, Ukraine's main energy provider, to try to persuade Moscow to bring down the price of strategic supplies of natural gas which the government says are way above market price and are a huge drain on the economy.

Yanukovich now has the option of re-appointing Azarov and individual ministers if he chooses.

If he decides to discard Azarov, he might choose to replace him with central bank chief Serhiy Arbuzov, with whom Yanukovich is personally close, commentators say.

(Writing by Richard Balmforth; Editing by Olzhas Auyezov)

FILED UNDER:

World Wrap

Reuters Showcase

Stake Sale

Stake Sale

Strong demand for Coal India boosts privatisation drive.  Full Article 

Pharma Deal

Pharma Deal

Sun Pharmaceutical wins U.S. approval to buy Ranbaxy  Full Article 

SpiceJet Bailout

SpiceJet Bailout

SpiceJet board approves up to $243 mln share sale plan  Full Article 

AirAsia Jet Crash

AirAsia Jet Crash

AirAsia captain left seat before jet lost control - sources  Full Article 

India Art Fair

India Art Fair

Art fair turns India's capital into art hub.  Full Article 

Romney Opts Out

Romney Opts Out

Republican Romney opts out of 2016 run for president.  Full Article 

Movie Review

Movie Review

"Rahasya" is an ode to Agatha Christie.  Full Article 

Safety Concerns

Safety Concerns

Aviation leaders seek new safety mandate after deadly 2014.  Full Article 

Movie Review: Hawaizaada

Movie Review: Hawaizaada

Movie Review: Hawaizaada  Full Article | Related Story 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage