Press Esc to close
Saturday 01 November 2014
News updated at 11:47 PM IST
Weather
Max: 28.4°C
Min : 18°C
In Bangalore
Partially cloudy

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
A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

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