X Close


Published: Tuesday February 25, 2014 MYT 1:40:15 AM
Updated: Tuesday February 25, 2014 MYT 1:41:07 AM

Ukraine's parliament appoints new central bank chief

KIEV (Reuters) - Ukraine's parliament appointed Stepan Kubiv, a member of parliament with experience in banking, as the new chairman of the central bank.

A total of 310 deputies in the 450 seat chamber backed Kubiv after his predecessor, Ihor Sorkin, resigned following the overthrow of Viktor Yanukovich as Ukraine's president.

"I promise ... the transparency of the National Bank. We want to say that Ukraine is a huge market, it is a platform for investments," Kubiv, 51, who was born and lives in western Ukraine, told the parliament after the appointment.

Kubiv headed several commercial banks before he was elected to the parliament. He is a member of the Batkivshchyna party headed by former prime minister Yulia Tymoshenko, Yanukovich's bitter rival.

Earlier on Monday Ukraine appealed for urgent international help to stop the economy "heading into the abyss" after the fall of Russian-backed president doubt on a bailout deal with Moscow.

Acting President Oleksander Turchinov raised the possibility of Kiev defaulting on its debt, and said the country needed $35 billion (£21 billion) over the next two years.

(Reporting by Pavel Polityuk, Editing by Timothy Heritage)


  1. A joyous Merdeka celebration
  2. Cops arrest 156 voluntary patrol members after state-level Merdeka procession
  3. US Marines and M’sian forces hold war games
  4. Two youths killed in crash while racing in their Evo
  5. They acted like gangsters, IGP Khalid says of PPS
  6. World champion still a dream for Chong Wei
  7. Proton offers sneak peek of new compact car
  8. Cops swoop in to arrest PPS members after Penang Merdeka parade
  9. 57 years of Malaysia
  10. Riot erupts after Sarawak-Perak football match in Kuching