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Ukraine Crisis

Ukraine Names New Bank Chief as Economy Totters

Ukraine's parliament appointed a new chairman of the central bank on Monday after the previous incumbent resigned following the overthrow of President Viktor Yanukovych.

Stepan Kubiv, a member of parliament with experience in banking, will take over the role after a total of 310 deputies in the 450 seat chamber backed his appointment, Reuters reported.

He takes over an economy on the brink of default. It's debt stands $73 billion, and it needs to pay $12 billion of that this year.

Earlier Monday, Ukraine said it needed $35 billion in foreign assistance over the next two years and appealed for urgent aid.

The Finance Ministry said it had called for a donor's conference and needed the first aid in the next week or two.

Reuters contributed to this report.