Ukraine ushers in new era

The whereabouts of president Viktor Yanukovych remain a mystery, after authorities claim they had prevented the embattled leader from escaping the Ukraine.

Activists carry protesters killed in clashes with police in Kiev

Ukraine's embattled president says he has no plan to resign in response to violence. (AAP)

A new era has opened in Ukraine after a day of dramatic twists and turns that saw parliament vote to oust a defiant president and call early elections, and opposition icon Yulia Tymoshenko walk free.

The whereabouts of Viktor Yanukovych remained a mystery, after authorities claimed they had prevented the embattled leader from escaping the country and said he may be hiding out in the east, which is broadly pro-Russian and where concerns remain over the potential for unrest.

And while life creaked back to normal in central Kiev for anti-Yanukovych protesters occupying the capital's Independence Square - where curious onlookers paid their respects to those who died under police fire this week - the focus abroad shifted to rebuilding a battered country on the verge of default.

At a G20 gathering in Sydney, the United States and International Monetary Fund offered to assist Ukraine in rebuilding its economy following a three-month protest movement that dramatically escalated this week with the deaths of nearly 100 people in clashes between demonstrators and security forces.

US Treasury Secretary Jacob Lew emphasised that the United States, working with other countries including Russia, "stands ready to assist Ukraine as it implements reforms to restore economic stability and seeks to return to a path of democracy and growth".

Fears that Ukraine's debt-laden economy is facing default have sparked panic on markets, with bond yields rising sharply and the hryvnia currency losing a tenth of its value in the span of a few weeks.

A new interim government could be announced on Sunday in Ukraine, where residents were still reeling from the dizzying changes unleashed over the past week as a mainly peaceful protest movement turned deadly.

The spiralling crisis prompted Yanukovych to sign a Western-brokered peace deal on Friday with the opposition, which then took over parliament and ushered in huge political changes - including a vote to free Tymoshenko, the fiery 53-year-old hero of the 2004 pro-democracy Orange Revolution.

Yanukovych's arch-nemesis, Tymoshenko was sentenced to seven years in jail for "abuse of power" after his election in 2010.

Shortly after the parliament vote Saturday, she was freed from hospital in the eastern city of Kharkiv where she had been treated under guard, and headed straight to Kiev and Independence Square where she was greeted by an emotional, 50,000-strong crowd.

Hailing the end of a "dictatorship", she said in a tearful voice late in the evening: "You are heroes, you are the best of Ukraine.

"I did not recognise Kiev, the burnt cars, the barricades, the flowers, but it's another Ukraine, the Ukraine of free men," she said, sitting in a wheelchair suffering from chronic back problems, her face drawn after two-and-a-half years in jail.

Her appearance on the square would have been unthinkable just a few days ago, much like the fate of Yanukovych himself.

On Saturday, police, parliamentary allies and members of his Regions Party deserted the president one by one.

The army issued a statement saying it "will in no way become involved in the political conflict" and the police force declared itself in support of "the people" and "rapid change".

Security forces all but abandoned government and presidential buildings and anyone was free to enter unchallenged.

Even Yanukovych's ostentatious mansion near the capital became a free-for-all, city residents gawping in awe and anger at the luxury of a sprawling estate that featured a private zoo and a replica galleon floating on an artificial waterway.

But still he remained defiant, appearing on television from Kharkiv before reportedly leaving the city, denouncing a "coup" and vowing not to step down.

"I am not leaving the country for anywhere. I do not intend to resign. I am the legitimately elected president," the 63-year-old leader said.


4 min read

Published

Updated

Source: AAP



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