Ukraine's parliament, the Verkhovna Rada, by a huge across-the-board majority, today supported a no-confidence motion against the National Bank of Ukraine. They demanded president Yushchenko sack its head, Volodymyr Stelmakh.
In total 380 deputies voted for the motion, 149 from PoR, 154 from BYuT, 31 from NUNS, 27 Communists, and 19 from speaker Lytyvyn's bloc.
An investigative committee report on the activities of Bank during the financial crisis had been presented to the VR.
The investigative committee have forwarded material they had gathered and scrutinised to the Prosecutor-General's office for further investigation.
In the light of PM Tymoshenko's accusations and allegations that the president had covered up Stelmakh's alleged corrupt activites [see previous blogs], the VR vote places the president in a very tricky position. Today he had met a delegation of Ukraine's leading bankers during which the demanded greater openness and transparency from the NBU.