Ukraine Names New Bank Chief As Economy Totters

wochit news
February 24, 2014 AT 8:07 AM
Ukraine's parliament appointed a new chairman of the central bank on Monday after the previous incumbent resigned following the overthrow of President Viktor Yanukovych. And opposition leader Vital Mikushenko says he's ready to be the next president. Stepan Kubiv, a member of parliament with experience in banking, will take over the role after a total of 310 deputies in the 450 seat chamber backed his appointment, Reuters reported. The bank's debt stands $73 billion, and it needs to pay $12 billion of that this year. Earlier Monday, Ukraine said it needed $35 billion in foreign assistance over the next two years and appealed for urgent aid. Meantime, the protestors' barricades aren't coming down just yet.