: Bloomberg: Ukrainian political crisis over for premier ruling out snap vote

14:40 Jul. 5, 2016

Bloomberg: Ukrainian political crisis over for premier ruling out snap vote

krainian Prime Minister Volodymyr Groysman arrives at the Chancellery to meet with German Chancellor Angela Merkel on June 27, 2016 in Berlin, Germany. (Getty Images)

The political crisis is over - Groysman

The political crisis that split Ukraine's government and delayed billions of dollars in aid has ended, eliminating the risk of snap elections, according to the nation's prime minister.

Volodymyr Groysman, confirmed by parliament in April in a bid to stem the tensions, said Friday in an interview that any remnants of the trouble exist only inside the heads of opponents seeking to destabilize the country. His government is backed by a slim majority in Ukraine's 450-seat parliament.

"The political crisis is over," Groysman said. "We need to work on parliament's consolidation and its ability to adopt necessary decisions. I don't see a risk of early elections and I don't see any need for them."

Read also Ukraine will join EU in 10 years – Groysman

Groysman was appointed to end Ukraine's worst political crisis since the nation's second revolution in a decade dislodged Russian-backed leader Viktor Yanukovych in 2014. Stalled anti-corruption efforts were at the heart of the tumult, which prompted the resignations of key reformers within the government and prosecutor's office.

The new cabinet, which says delayed disbursements from a .5 billion bailout could resume this month, has soothed investor concerns that the infighting risked triggering snap elections.

As well as political tensions in the capital, Hroisman's team faces the continued conflict with Russian-backed separatists in eastern Ukraine's Donbas region. While a 2015 peace accord signed in Minsk, Belarus, remains unfulfilled, there's been a recent diplomatic push by officials from the U.S. and Germany to accelerate efforts toward a resolution.

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