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Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared UK govt forced to publish U.S. torture allegations 10 Feb 2010 U.S. would reap billions from $1 cigarette tax hike 10 Feb 2010 UPDATE 3-New York Times ad outlook dim, shares fall 10 Feb 2010 Aerial shots of falling World Trade Center released 10 Feb 2010 UPDATE 4-Strike disrupts Greece but public backs reforms 10 Feb 2010 Google to build high-speed Internet network 10 Feb 2010 U.S. would reap billions from $1 cigarette tax hike 10 Feb 2010 Sweden beats U.S. to top tech usage ranking 2:17am EST Iran hails nuclear advance on Revolution Day | Video 10:40am EST UPDATE 3-New York Times ad outlook dim, shares fall 10 Feb 2010 Ukraine turmoil as defiant Tymoshenko clings on as PM Natalia Zinets and Matt Robinson KIEV Thu Feb 11, 2010 8:47am EST Related News Tymoshenko clings on as PM after Ukraine poll loss 7:16am EST Ukraine government will not resign-Tymoshenko aide 4:05am EST Ukraine's Tymoshenko appears at cabinet meeting 3:38am EST Yanukovich tells Ukraine rival to concede defeat Wed, Feb 10 2010 Tymoshenko backers challenge Ukraine regions count Wed, Feb 10 2010 Ukraine's Prime Minister and presidential candidate Yulia Tymoshenko chairs a cabinet meeting in Kiev February 11, 2010. Tymoshenko, refusing to concede defeat in a presidential election, attacked rival Viktor Yanukovich on Thursday and top aide said her government had no intention of resigning. Credit: Reuters/Gleb Garanich KIEV (Reuters) - Ukraine's Yulia Tymoshenko on Thursday defiantly refused to concede defeat to rival Viktor Yanukovich in a presidential election, throwing Ukraine into turmoil that threatened chances of a swift return to stability. World | Russia Stepping back into the public limelight after a bizarre three-day silence, the fiery prime minister went onto the attack against Yanukovich and his Regions Party, saying their social spending policies amounted simply to "pre-election PR." Minutes after she appeared at a cabinet meeting in her trademark peasant braid, first deputy and close aide Oleksander Turchynov told reporters she had no intention of bowing to a call by opposition leader Yanukovich for her to step down. "The government does not plan to resign voluntarily," Turchynov told reporters. "I don't see any basis for this (resignation)," he said. Her defiant stance opened up prospects of a protracted stand-off between the two rivals for power who fought a bitter campaign of smears and insults leading up to the February 7 run-off which Yanukovich won by 3.48 percentage points. Supporters of Yanukovich, a 59-year-old ex-mechanic who wants to improve ties with Moscow, can now try to force her out through a parliamentary vote of no-confidence. But Tymoshenko, co-architect of the pro-Western Orange Revolution of 2004, would still stay on as acting prime minister until a new parliamentary coalition was formed -- itself a lengthy process of horse-trading over government posts. With all votes counted in an election hailed by monitors as fair, Western governments were expected to begin congratulating the winner, increasing the pressure on Tymoshenko. But Yanukovich, who would normally expect to be sworn in as president by March 17, cannot rest easy. He would have to call snap elections if he could not put together a new coalition -- but his Regions Party would likely then lose ground leaving him in an even weaker position. "The main result of these elections is that Yanukovich came first, but did not win. Tymoshenko, on the other hand, lost but was not defeated," Ukrainska Pravda commentator Vadym Karasov wrote. ECONOMIC WOES Most analysts said the likely final outcome seemed to be that she would go into opposition to fight Yanukovich whose position as president may end up as weak as that of his predecessor, Viktor Yushchenko. Pro-Western Yushchenko presided over a sharp deterioration in relations with Moscow. The Kremlin said on Thursday President Dmitry Medvedev had congratulated Yanukovich, and expected an improvement in ties with the departure of Yushchenko. "Any other democratically elected president we view as a partner," a spokeswoman told reporters in the Siberian city of Tomsk. "We do not see any problems and very much hope that our relations will be better than they were under Yushchenko." But the turmoil in Ukraine spelled only fresh instability for the ex-Soviet state of 46 million that could deter investors and dim prospects for a recovery for the sickly economy. It could also delay the resumption of International Monetary Fund lending under a $16.4 billion bail-out programme. This was crucial last year for the state's finances but was suspended because of breached Ukrainian promises of fiscal restraint. "In order to resume economic growth, we have to renew cooperation with the IMF but the Fund has a very simple position, they say 'bring us the letter which has the signature of a fully empowered, fully authoritative president, prime minister and central bank," said political analyst Yuri Ruban. "In this sense, it's a complete mess when the who, the what and the where is not known," he added. Ukraine's $120 billion economy has been battered by a decline in the value of vital steel and chemicals exports that has hammered the hryvnia currency, slashed budget revenues and undermined the domestic banking system. Tymoshenko's camp has alleged "cynical fraud" by the Yanukovich camp in Sunday's election, which tilted the former Soviet republic back toward Russia five years after its pro-Western Orange Revolution. Her supporters are forcing a recount in some regions with a view to mounting a legal challenge, though it is unclear how successful this is likely to be. (Additional reporting by Yuri Kulikov in Kiev and Denis Dymokin in Tomsk; Writing by Richard Balmforth; Editing by Diana Abdallah) World Russia More from Reuters Senate Democrats unveil long-awaited jobs bill WASHINGTON (Reuters) - Senate Democrats released a long-awaited jobs bill on Thursday that relies on business tax breaks and construction projects to bring down the unemployment rate. EU seals deal to rescue Greece, details still murky | Video U.S. would reap billions from $1 cigarette tax hike Jobless claims fall sharply in latest week Obama: Recovery not complete until jobs restored Business Council CEO survey finds U.S. hiring wariness » More Top News Obama: No jobs, no recovery President Obama says the recovery will not be finished until America is back at work as he calls for fresh measures to boost hiring. Full Article Jobless claims fall sharply CEOs still wary of hiring Felix Salmon on underemployment Politics The view from Toyota's front line Meet Kazuo Akatsuka. He's devoted 37 years to the "Toyota Way", working and living in Toyota City, but he's seeing changes he doesn't like. Full Article Video: Toyota City feels the pain Politics of bowing: How low do you go? Autos © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal EVCJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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