Press Esc to close
Tuesday 17 January 2017
News updated at 8:30 PM IST
Weather
Max: 28°C
Min : 15.7°C
In Bengaluru
Sunny day

Ukraine banker named Deputy PM

KIEV, Dec 24, 2012 Reuters:
Ukrainian President Viktor Yanukovich on Monday named Serhiy Arbuzov - who has until now run the central bank - first deputy prime minister in the new government, making him an important player in upcoming talks with the IMF.

The appointment to the No.2 government position also makes Arbuzov, who is a member of Yanukovich’s inner circle, a likely successor to Prime Minister Mykola Azarov.
Ukraine’s government resigned on December 3 after October’s parliamentary election and its members have since served in an interim capacity, apart from Azarov who was reappointed on December 13.

The first major task of the new cabinet will be to secure a new bailout program from the International Monetary Fund.

An IMF mission is due to visit Ukraine late in January for what are expected to be tough talks on nailing down a new stand-by arrangement to help Ukraine repay, or refinance, more than $9 billion debt falling due to foreign creditors in 2013.

This includes $6.4 billion already owed to the IMF which Ukraine says it hopes to refinance.The IMF has urged Kiev to cut subsidies on household gas and heating prices but Azarov has so far refused to take the unpopular step. However, Kiev may have to become more flexible.

 

Go to Top

Photo Gallery
Columnist Shobhaa De, actor Shah Rukh Khan and Bollywood filmmaker Karan Johar...

Columnist Shobhaa De, actor Shah Rukh Khan and Bollywood filmmaker Karan Johar...

A Samajwadi (SP) party worker holds a toy bicycle representing the party's symbol...

A Samajwadi (SP) party worker holds a toy bicycle representing the party's symbol...

Tribal villagers take part in a community fishing as part of celebrations...

Tribal villagers take part in a community fishing as part of celebrations...

A man rides his scooty during fresh snowfall in Srinagar on Tuesday...

A man rides his scooty during fresh snowfall in Srinagar on Tuesday...

Tourists enjoy in snow after snowfall in Shimla...

Tourists enjoy in snow after snowfall in Shimla...

Union Minister of Railways Suresh Prabhu and CM Siddaramaiah are flagging off of MEMU services...

Union Minister of Railways Suresh Prabhu and CM Siddaramaiah are flagging off of MEMU services...

London Olympics bronze medallist grappler Yogeshwar Dutt during his wedding procession at his ...

London Olympics bronze medallist grappler Yogeshwar Dutt during his wedding procession at his ...

German Chancellor Angela Merkel, right, and the Prime Minister of New Zealand Bill English, left ...

German Chancellor Angela Merkel, right, and the Prime Minister of New Zealand Bill English, left ...

In this photo taken Thursday, Dec. 22, 2016, Kenyan artist Evans Yegon displays one of his paintings

In this photo taken Thursday, Dec. 22, 2016, Kenyan artist Evans Yegon displays one of his paintings

BJP President Amit Shah welcomes former Congress leader Yashpal Arya after he was inducted into BJP

BJP President Amit Shah welcomes former Congress leader Yashpal Arya after he was inducted into BJP

Like us on Facebook

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523