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European Journal

Ukraine: Overthrow

In Ukraine, after weeks of protests, the opposition is back in center stage. An arrest warrant has now been issued for Viktor Yanukovych, still president of the country a few days ago. Yanukovych's ouster was preceded by bloody confrontations on Kiev's Independence Square. The situation escalated after several demonstrators were shot dead.

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Only after efforts at mediation by several EU foreign ministers could the violence be stopped. Yanukovych fled and the imprisoned opposition politician Yulia Tymoshenko was released. But Ukraine faces enormous problems. The country is teetering on the brink of bankruptcy. Russia has suspended part of a financial aid package, but the International Monetary Fund, European Union and US have now promised billions in aid.