Ukraine Prime Minister Yatsenyuk resigns via ForexLive

Ukraine Prime Minister Arseniy Yatsenyuk has resigned and is calling for new elections.

Ukrainian Prime Minister Arseny Yatseniuk tendered his resignation on Thursday to parliament after upbraiding politicians for failing to pass laws on energy and on the budget to increase financing for the army.

“I announce my resignation in connection with the collapse of the coalition and the blocking of government initiatives,” he told parliament.

Earlier today, two parties exited the majority coalition in parliament. According to the Ukrainian constitution, the parliament has 30 days to try to forge a new coalition. If that fails, the president then can dismiss parliament and call a new election.

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