Ms.Yulia Tymoshenko has been re-elected to become prime minister of Ukraine, with a razor thin margin, just by crossing over the needed 226 votes in a 450 member parliament. Her pro-western stance during her previous tenure had strained relations with president of Russia, Vladmir Putin. The economical survival of Ukraine, will lot depend on the gas supplies from Russia and the urgent task of Tymoshenko would be to strike harmonious relations with the neighboring Russia. In the present political scenario, it would not be difficult because the future president of Russia, Mr. Dmitry Medvedev is softer to the west. Her victory has rekindled the hopes of Ukraine becoming the part of the EU in the near future.
Tymoshenko will have to attend to the numerous problems the country is facing at present. The most pressingly, it would be the country’s gas transport system, Naftogaz Ukrainy, which is already on the verge of bankruptcy. However, Moscow congratulated her for the victory and pledged constructive co-operation in all her endeavors. Time Magazine’s man of the year Vladmir Putin will not be belligerent this time around to Tymoshenko, as it was in her previous term. That’s because, to improve Russian economy Putin very well knows that he should have the neighboring economic conduits open, to do business with EU and other nearby Asian countries.
The Orange Revolution party of Tymoshenko is formed with the support of Fatherland party of the incumbent president Viktor Yushchenko. The officials of Fatherland party stated that Tymoshenko is now politically matured and her government will be stable despite her wafer thin margin in Rada. But without the co-operation of Viktor Yanukovich, the outgoing prime minister who would be the opposition leader, going would be tough with this thin margin of victory. Ukraine is expecting an economic revival through the changed policies of the new government which would plan to draw revenues, mainly through privatization.