• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Leadership

Ukrainian Prime Minister Yatseniuk Resigns

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
April 10, 2016, 2:18 PM ET
Ukraine's PM Yatseniuk attends government meeting in Kiev
Ukraine's Prime Minister Arseny Yatseniuk chairs a government meeting in Kiev, Ukraine, March 16, 2016. REUTERS/Valentyn OgirenkoVALENTYN OGIRENKO REUTERS

Ukrainian Prime Minister Arseny Yatseniuk tendered his resignation on Sunday, paving the way for Western-backed coalition parties to nominate an ally of President Petro Poroshenko to try to form a more stable government.

Yatseniuk survived a no-confidence motion in February, but political infighting and graft scandals have fractured the ruling coalition and further delayed the disbursement of aid under a $17.5 billion International Monetary Fund bailout program.

The self-described “kamikaze” prime minister came to office in 2014 determined to pass stringent economic reforms, but his public support has slumped into the low single digits, partly on the perception that his government has not done enough to hold oligarchs to account.

His departure removes an obstacle to the formation of a new government, which must try to push delayed reform bills through parliament against the opposition of populist former coalition partners who have vowed to oppose austerity measures required under the IMF program.

“I have taken the decision to resign as prime minister of Ukraine. On Tuesday, April 12, my request will be submitted to the parliament,” Yatseniuk said in a televised address.

“The political crisis in the country was created artificially. The desire to change one person blinded politicians and paralyzed their political will for real change,” he said.

Poroshenko’s BPP faction and Yatseniuk’s People’s Front party had been expected to announce a reboot of their ruling coalition next week.

In his speech, Yatseniuk said his party was committed to the coalition and made clear that he expected to be replaced by parliamentary speaker Volodymyr Groysman, the 38-year-old former mayor of a town in west-central Ukraine already touted as his successor.

“The parliamentary faction of the Bloc of Petro Poroshenko has nominated Volodymyr Groysman to the post of prime minister. Having done everything to ensure stability and continuity of our course, I declare my decision to transfer the obligations and responsibilities of the head of government of Ukraine,” he said.

A complete break-up of the coalition could have triggered a snap parliamentary election that looked likely to boost populist parties. Meanwhile, if Groysman secures parliamentary approval, the formation of a more coherent government should increase the chance that the IMF will disburse the next $1.7 billion tranche of loans, delayed since October.

Nevertheless some domestic reformers and Western powers backing Ukraine may be disappointed by Groysman’s likely appointment, having hoped that Finance Minister Natalia Yaresko, a U.S.-born technocrat, would get the top job.

Agriculture Minister to Take Iceland’s Prime Minister Spot

Having an ally as prime minister could consolidate power in the hands of the president and his circle.

“The president will have more authority, more power for his team. Only time will tell if he will use this authority and this power for the good of Ukraine,” People’s Front lawmaker Anton Gerashchenko said on television channel 112.

It was frustration with cronyism and corruption under Russian-backed president Viktor Yanukovich that prompted thousands to take to the streets in 2013-14 in the pro-European “Maidan” uprising that swept Kiev’s current leadership to power.

Groysman is seen as a canny, persuasive politician who has grown in confidence as speaker of parliament – a role that requires a calm authority to manage the bickering and all-out brawls that periodically interrupt sessions in Ukraine’s chamber.

He has vowed to stick to IMF-backed reform efforts as prime minister, but the two-party coalition will only have a slender majority and some of its lawmakers have said they will not always vote on party lines.

A Slovak daily reported last month that Groysman had asked former Slovak finance minister Ivan Miklos, currently an adviser to Yaresko, to take the job of finance minister

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Three people sit behind a desk and look at the phone screen of the person in the middle.
Future of WorkConsulting
Meet ‘trendslop,’ the new, AI-fueled scourge of workplace consultants everywhere
By Sasha RogelbergApril 10, 2026
2 hours ago
A young man looks at his phone, and a flurry of red arrows point downwards.
Cryptosports betting
Prediction markets have made betting easier than ever—and young men are paying the price
By Carlos GarciaApril 10, 2026
6 hours ago
chick-fil-a
North AmericaImmigration
Why Chinese immigrants to America love Chick-fil-A so much
By Fu Ting and The Associated PressApril 10, 2026
8 hours ago
Scottie Scheffler joined Tiger Woods and Rory McIlroy in golf’s $100M club—and donated his entire Ryder Cup stipend to charity
SuccessGolf
Scottie Scheffler joined Tiger Woods and Rory McIlroy in golf’s $100M club—and donated his entire Ryder Cup stipend to charity
By Sydney LakeApril 10, 2026
8 hours ago
United Airlines CEO Scott Kirby
SuccessThe Interview Playbook
United Airlines CEO judges candidates by whether pilots would want to go on a four-day trip with them: ‘If you say no, then they’re out’
By Emma BurleighApril 10, 2026
8 hours ago
Fortune 500 Power Moves: Two of America’s largest companies announced CFO transitions this week
C-SuiteFortune 500 Power Moves
Fortune 500 Power Moves: Two of America’s largest companies announced CFO transitions this week
By Fortune EditorsApril 10, 2026
8 hours ago

Most Popular

The U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined
Economy
The U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined
By Fortune EditorsApril 9, 2026
2 days ago
A Meta employee created a dashboard so coworkers can compete to be the company's No. 1 AI token user—and Zuckerberg doesn't even rank in the top 250
AI
A Meta employee created a dashboard so coworkers can compete to be the company's No. 1 AI token user—and Zuckerberg doesn't even rank in the top 250
By Fortune EditorsApril 9, 2026
2 days ago
Mark Cuban admits he made a mistake letting go of the Mavericks: 'I don't regret selling. I regret who I sold to'
Investing
Mark Cuban admits he made a mistake letting go of the Mavericks: 'I don't regret selling. I regret who I sold to'
By Fortune EditorsApril 9, 2026
1 day ago
Schools across America are quietly admitting that screens in classrooms made students worse off and are reversing years of tech-first policies
Innovation
Schools across America are quietly admitting that screens in classrooms made students worse off and are reversing years of tech-first policies
By Fortune EditorsApril 10, 2026
16 hours ago
'I hate working 5 days': Zoom CEO says traditional work schedules are becoming obsolete—and predicts a 3-day workweek by 2031
Success
'I hate working 5 days': Zoom CEO says traditional work schedules are becoming obsolete—and predicts a 3-day workweek by 2031
By Fortune EditorsApril 9, 2026
1 day ago
 The world's 500 richest people made more than a quarter trillion yesterday as volatile markets react to fragile Iran war ceasefire
Economy
 The world's 500 richest people made more than a quarter trillion yesterday as volatile markets react to fragile Iran war ceasefire
By Fortune EditorsApril 9, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.