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You're reading: Yatseniuk, confirmed as prime minister, accuses Yanukovych administration robbing Ukraine of $70 billion; ‘treasury is empty’
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Yatseniuk was confirmed just before 3 p.m. as prime minister with 371 votes in favor of him and only one against in a 450-seat legislature.

“About $70 billion has been withdrawn from Ukraine’s financial system to offshore accounts over the last three years. Now it’s clear that they withdrew the funds that were raised as loans under state guarantees and stolen by representatives of the previous government,” he said from the parliament’s rostrum.

Yatseniuk warned that, to overcome the extent of the financial corruption in a nation with only $200 billion in gross national product, tough austerity measures will lie ahead.

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