Fedir Yaroshenko stepped down as Ukrainian finance minister last week and was replaced by Valery Khoroshkovsky, head of the Ukrainian security service and a long-time ally of President Viktor Yanukovich. Analysts say Yaroshenko’s resignation is an indication of the dire financial straits Kiev continues to languish in after a $15 billion lifeline from the International Monetary Fund (IMF) was blocked because of a failure to raise household gas prices and cut government spending, and as talks on negotiating lower gas import prices with Russia make no headway.
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