Amidst crisis Ukraine PM plans to resign; IMF may withhold aid money

Amidst mounting political uncertainty in the former soviet region, Ukraine’s Prime Minister Arseniy Yatsenyuk is planning to resign from the top post. Reports say that the Ukrainian parliament will select a new supremo on today. Preponderance of the parliament members reportedly believes that Mr Yatsenyuk failed to tackle corruption; and they further accuses that the present government is largely inactive and inefficient in demonstrating a productive administration. It is learned that Ukrainian President Petro Poroshenko advised Parliament Speaker Volodymyr Groysman to take up the responsible position for the stability of the country. Reports say that the President had nominated Mr Groysman to the Prime Minister post on last day. Unexpectedly, Mr Groysman has reportedly declined the request and opted to stay out from the present crisis tactically. If the country fails to overcome the present crisis, the political scenario may completely transform into pro-Russian, says expert. If it is so, then the present developments may hurt the western faction mainly Germany and US, experts added. It is learned that the western faction have cashed in numerous reform projects in the former soviet country aiming to develop its economy. But, the corruption and inefficiency have spoiled the multi-million dollar projects and put the country’s future in jeopardy. In addition, Netherlands had recently denied a free trade deal between EU and Ukraine exiting all possibilities of Ukraine’s EU membership. Meanwhile, it is said that International Monetary Fund is likely to withhold the financial aid to the country as it fails to implement reformation responsibly.


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