Ukraine's ruling coalition collapsed yesterday as the newly elected President Viktor Yanukovich moved to oust Prime Minister Yulia Tymoshenko and consolidate power. Parliament speaker Volodymyr Lytvyn said leaders of parliamentary factions had met and the coalition partners failed to submit enough signatures to demonstrate they maintained a majority.
Tymoshenko, the fiery co-architect of the pro-Western Orange Revolution of 2004, remains in office, but faces a vote of no confidence in her government today as Yanukovich goes through the steps of consolidating his grip on power.
She indicated that if the vote succeeds, she might step down, so that "all responsibilities will immediately be laid on Yanukovich".
Political analysts said momentum is slipping in favour of Yanukovich.
Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.
Follow Emirates 24|7 on Google News.