New Ukraine PM: $37bn credit received 'disappeared'

Ukraine's new prime minister Arseny Yatseniuk has accused the former government of stripping state coffers bare, saying $37 billion of credit it had received had "disappeared".

Speaking in parliament , Yatseniuk said that in the past three years "the sum of 70 billion dollars was paid out of Ukraine's financial system into off-shore accounts".

Arseny Yatseniuk
Yatseniuk said the situation was so grave that there was no other alternative but to take "extraordinarily unpopular measures". Credit: Reuters

"I want to report to you - the state treasury has been robbed and is empty," he said. "37 billion dollars of credit received have disappeared in an unknown direction," he added.

Ousted President Viktor Yanukovich has not been seen since Saturday, but Russian news agencies have reported that Russia has agreed to provide him with protection.

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