×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Finance Minister Quits in Ukraine

KIEV — Ukraine's finance minister resigned Wednesday as support for the government has fallen in the wake of a waning economy and the slow pace of reforms.

President Viktor Yanukovych accepted Fyodir Yaroshenko's resignation Wednesday. No reason was given for his departure from the job he held since early 2010.

Yanukovych's government finds itself in a difficult position after the International Monetary Fund froze a $15 billion loan over Kiev's refusal to raise household gas prices in order to cut government expenditures.

Yanukovych is reluctant to take the painful measure ahead of parliamentary elections later this year and is lobbying Moscow for cheaper gas.

A deal with Russia could allow Kiev to maintain domestic gas prices, but talks have stalled as Moscow seeks control over Ukraine's pipeline network in exchange for a discount.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more