Ukraine Deputy PM Khoroshkovskiy Quits to Protest Azarov

Ukraine’s First Deputy Prime Minister Valeriy Khoroshkovskiy quit, saying he disagreed with the re-appointment of Mykola Azarov as premier.

Khoroshkovskiy submitted a resignation letter to President Viktor Yanukovych because he thinks Azarov “incapable of implementing economic reforms and protecting the country’s course toward European integration,” his press service said today in e-mailed statement from the capital, Kiev.

Khoroshkovskiy didn’t need to submit his notice as he was removed de facto from his post by presidential decree on Dec. 12 after not being proposed as a member of the new government, the Cabinet’s press service said in a statement on the government website.

Lawmakers yesterday approved the return of Azarov, who’d served as prime minister since Yanukovych’s election in 2010 before resigning last week after his election to Parliament. His candidacy was backed by the ruling Party of Regions and the Communists.

The yield on the government’s bond due 2022 fell for a fourth day to 7.653 percent, data compiled by Bloomberg show. The hryvnia declined to 8.1030 per dollar from yesterday’s close of 8.1005.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE