: :inin Kyiv (EET)

Ukraine’s president dismisses powerful regional governor

KIEV, Ukraine (AP) — Ukrainian president Petro Poroshenko dismissed the billionaire governor of an eastern region Wednesday following a rancorous dispute pitting the tycoon against the government.

The government last week followed through on its plans to dilute the power of Ukraine’s ultra-rich business elite by pushing a law through parliament that led, in effect, to control over an oil and gas company being wrested from Kolomoysky.

The episode has threatened to spark renewed political instability in Ukraine, which is battling Russian-backed separatists in eastern regions neighboring Dnipropetrovsk, as well as a sinking economy.

Kolomoysky is a contentious figure in Ukraine — unafraid …read more

Source: San Francisco Chronicle

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