Ukraine's president sees finance minister as option to repla...| MENAFN.COM

Saturday, 22 January 2022 09:51 GMT

Ukraine's president sees finance minister as option to replace PM

(MENAFN- The Peninsula)

Ukrainian Finance Minister Natalia Yaresko. Reuters photo

By Pavel Polityuk and Alessandra Prentice

KIEV: Ukrainian President Petro Poroshenko sees Finance Minister Natalia Yaresko as possibly taking over as prime minister his spokesman said on Monday having repeatedly urged the government to resign saying that it had lost the trust of the people.

Prime Minister Arseny Yatseniuk’s cabinet is on the brink of collapse despite surviving a no confidence vote in February prolonging a political crisis that has stymied reforms and delayed disbursing new foreign loans in the war-ravaged economy.

Yaresko a foreign-born former investment manager rather than a career politician might be a popular choice with Western allies but might not have the political muscle to push through reforms any faster than Yatseniuk could.

Poroshenko whose party is the biggest in parliament will meet the heads of other parties on Monday to discuss a solution.

“The aim of the President’s meetings with political leaders is to speed up the end of the political crisis” the president’s spokesman Svyatoslav Tsegolko said in a Facebook post.

One option was appointing Yaresko at the head of a technocrat government he said and another was a political government led by the chief of the reformist Samopomich party.

Ukraine urgently needs a stable coalition in order to conclude negotiations with the International Monetary Fund for $1.7 billion in new aid to keep its economy afloat and to press ahead with economic and social reforms.

But Yatseniuk is not going quietly and last week called on lawmakers to rally around him. Appointing a new government would almost certainly need the consent of Yatseniuk’s party which is the second biggest in parliament.

Volodymyr Fesenko a Kiev-based political analyst estimates that only about 170 out of 450 lawmakers would be willing to support Yaresko because she forced the budget and unpopular tax reforms through parliament last year.

That number could rise if Poroshenko and Ukraine’s international backers pressed lawmakers to appoint her.

“The problem of Yaresko is that she is not supported by a significant part of the deputies even in the president’s party” Fesenko said.

Three political parties have deserted Yatseniuk’s coalition since September while his personal popularity ratings plummeted since taking over the reins of government after street protests in 2013 and 2014.

(Writing by Matthias Williams; Editing by Louise Ireland)


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