New Cabinet of Ministers approved

Макроэкономика 03.12.2014 A total of 288 MPs supported the new government appointments headed by PM Arseniy Yatsenyuk. The ruling coalition totally reshuffled the government while Yatsenyuk held his post as prime minister. Although he promised swift reforms with his new administration, he provided no details. Most new ministers are middle class professionals with Western educations and extensive experience working at international firms. Three new ministers with foreign citizenships were granted Ukrainian citizenship by presidential decree just prior yesterday's parliamentary vote. Ms. Yaresko, a US citizen who ran the private equity firm Horizon Capital, was appointed as Minister of Finance. Mr. Abromavichus, a Lithuania citizen who ran the investment firm East Capital, was appointed as Minister of the Economy. Mr. Kvitashvili, a Georgian citizen, was appointed as Minister of Health. By appointing such a government, the coalition leaders aimed to position themselves as reform minded to the domestic and foreign communities.