Stabilising Ukraine's economy

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Following the election Stabilising Ukraine's economy

In a telephone conversation Chancellor Angela Merkel has congratulated Arseniy Yatsenyuk on his election as Ukrainian Prime Minister. She expressed her respect for the task he has taken on. The first priority must be to restore economic and political stability in the country.

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The newly elected Ukrainian Prime Minister Arseniy Yatsenyuk in the Ukrainian parliament.

The new Prime Minister Arseniy Yatsenyuk following his election in parliament

Photo: picture alliance / dpa

Germany will support Ukraine in its efforts to stabilise the situation, continued the Chancellor.

Territorial integrity of Ukraine

The Chancellor and the Prime Minister also discussed internal developments in Ukraine in their telephone conversation, with a special focus on the situation in Crimea. They agreed that the territorial integrity of Ukraine must be upheld.

In earlier talks with the Chancellor, the Russian President Vladimir Putin also declared his commitment to ensuring the territorial integrity of Ukraine.

Difficult economic situation

Ukraine will be working with the International Monetary Fund (IMF) to stabilise the country, declared deputy government spokesperson Christiane Wirtz in Berlin.

The interim Ukrainian government had made it clear just how difficult the country’s economic situation is. According to the interim President Olexander Turchynov the country is "on the brink of insolvency ".