Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Ukraine's main task is to build army to stop Russia: PM Yatseniuk

Published 11/14/2014, 07:18 AM
Updated 11/14/2014, 07:18 AM
© Reuters Ukrainian Prime Minister Arseny Yatseniuk speaks during a news conference at the government in Kiev

KIEV (Reuters) - Ukraine's top priority is to build an army strong enough to stop Russian military aggression, Ukrainian Prime Minister Arseny Yatseniuk said on Friday, as the country's military reported more deaths in a separatist conflict.

Ukraine has accused Russia of sending soldiers and weapons to help pro-Russian rebels in eastern regions launch a new offensive in a conflict that has killed more than 4,000 people.

"Building an army, which is capable of stopping aggression from Russia, is the number one task," Yatseniuk said in a televised briefing with journalists in which he gave his recommendations for top positions in a new coalition government.

Increasing violence, truce violations and reports of unmarked armed convoys traveling from the direction of the Russian border have aroused fears that a shaky Sept. 5 truce could collapse.

A Ukrainian military spokesman said shelling between government forces and rebels had continued in the past 24 hours in the eastern Donetsk and Luhansk regions, with one soldier and one five-year-old child being killed in different attacks.

The prospect of all-out war returning to eastern Ukraine has piled pressure on the country's struggling economy, sending the hryvnia currency plummeting and borrowing costs sky-high.

Yatseniuk said he did not expect the economy to grow before 2016 and suggested current Deputy Finance Minister Vitaly Lisovenko for the role of finance minister in a new coalition government.

The prime minister, who is all but certain to retain his post in the coalition, said his People's Front party would support President Petro Poroshenko's choice for defense minister and foreign minister.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Poroshenko has been holding power-sharing talks with Yatseniuk after their political groups led other pro-Western forces in sweeping pro-Russian parties out of parliament in an Oct. 26 election.

(Reporting by Natalia Zinets; Writing by Alessandra Prentice, Editing by Elizabeth Piper)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.