Monday, April 20, 2015

Ukraine's President Petro Poroshenko Focuses On The Economy

Ukraine's President Petro Poroshenko addresses the media in Kiev in this February 18, 2015 picture provided by the Ukrainian Presidential Press Service. Reuters/Mykhailo Palinchak/Ukrainian Presidential Press Service/Handout via Reuters

Reuters: Truce tenuous as Ukraine leader tackles economy, oligarchs

(Reuters) - President Petro Poroshenko is using the breathing space from a ceasefire with separatists to push reforms and rein in super-rich 'oligarchs' whose influence he says must be curbed for Ukraine to have a future in Europe.

But the truce in eastern Ukraine agreed on Feb. 12 is tenuous, with each side accusing the other of violations and the death toll still rising in a year-long conflict that has killed more than 6,100, and most people do not see it lasting.

Its collapse could derail Poroshenko's agenda.

WNU Editor: There is no truce in Ukraine .... and there is no political movement to resolve the deep divisions with the eastern part of the country. The economy has all but collapsed, the government is essentially bankrupted, crime is out of control, and Ukrainian - Russian Ukrainian relations are simmering. Reining in the "super-rich oligarchs" will probably be the easiest of Poroshenko's tasks.

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