Poroshenko appointed economic development and trade minister of Ukraine

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March 23, 2012, 12:57 p.m. | Politics — by Interfax-Ukraine

Ukrainian President Viktor Yanukovych has appointed Petro Poroshenko to the post of economic development and trade minister.

Ukrainian President Viktor Yanukovych has appointed Petro Poroshenko to the post of economic development and trade minister. A relevant decree was posted on the president's Web site on Friday, March 23.

As reported, on Feb. 14, 2012, Ukrainian President Viktor Yanukovych dismissed Andriy Kliuyev as first deputy prime minister and minister of economic development and trade, and appointed him as secretary of the National Security and Defense Council of Ukraine, in place of Raisa Bohatyriova.

On Feb. 16, Regions Party Leader Oleksandr Yefremov said that Poroshenko would be appointed to the post of Ukraine's economic development and trade minister.

However, Poroshenko didn't give his consent to this appointment and the negotiations on this issue lasted for more than a month.

Poroshenko headed the Council of the National Bank of Ukraine (NBU) from 2007. He then served as foreign minister from October 2009 until March 2011.
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Roman Dawydiak March 23, 2012, 2:08 p.m.    

The appointment of Petro Poroshenko as the new Minister of Economic Development and Trade comes about following long negotiations between himself and President Yanukovych. According to VR Deputy Taras Chornovil, Poroshenko stood to lose some 200 Million dollars had he refused. Chornovil also opined that Poroshenko might be in the process of forming his own Party among several members in the VR and that they would be independent and not beholden to the Party of Regions and their Allies. This would certainly add a new dimension/twist to the political atmosphere in the Verkhovna Rada should this scenario develop as predicted. On the other hand it could also end the political career of Petro Poroshenko. The saga coninues...

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