Friday 22 August 2014

Ukraine Economy Minister Pavlo Sheremeta Resigns | News | The Moscow Times

Ukraine Economy Minister Pavlo Sheremeta Resigns | News | The Moscow Times:



"Ukrainian Economy Minister Pavlo Sheremeta said Thursday he had tendered his resignation and voiced frustration at not being able to push ahead with much-needed economic reform.



After months of fighting in its eastern regions following the toppling of a government blighted by corruption and economic mismanagement, Ukraine's economy has contracted sharply, even with a multi-billion dollar financial lifeline from the International Monetary Fund.



Sheremeta had vowed to slash red tape and eliminate corrupt practices that have helped to virtually bankrupt Ukraine when he was appointed soon after the ousting of Moscow-backed president Viktor Yanukovych in February."



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