Ukraine’s Stelmakh bows out

volodymyr-stelmakh2

Ukraine's parliament on Thursday accepted the resignation of Volodymyr Stelmakh, the governor of the central bank.

On Tuesday, Stelmakh tendered his resignation, leading Viktor Yanukovych, the country's President, to set the process of his departure in motion. The Verkhovna Rada, the country's parliament, on Thursday backed Stelmakh's resignation.

The Verkhovna Rada also approved Yanukovych's choice of replacement, Serhii Arbuzov, the first deputy governor of the central bank. Two hundred and se

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